BofA lowered the firm’s price target on Li Auto (LI) to $22 from $26 and keeps a Neutral rating on the shares. After factoring in Q3 results and commentary, the firm cut its 2025, 2026 and 2027 volume sales estimates by 8%, 9%, and 9% and lowered its non-GAAP earnings estimates by 54%, 40% and 17%, respectively.
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