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EHang price target lowered to $24 from $26 at BofA

BofA lowered the firm’s price target on EHang (EH) to $24 from $26 and keeps a Buy rating on the shares following a Q1 miss on lower-than-expected sales. Factoring in Q1 results, the firm cut Ehang’s 2025 and 2026 volume sales estimates 7% and 8% and cut its 2025 and 2026 non-GAAP net profit forecasts by 63% and 12%, respectively.

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