Morgan Stanley analyst Tim Hsiao lowered the firm’s price target on Li Auto (LI) to $22 from $26 and keeps an Overweight rating on the shares. The firm adjusted its 2026-27 earnings forecasts to reflect cyclical and operational headwinds post-Q4 results and the updated outlook and ahead of the L9 launch, the analyst tells investors. While Li Auto faces execution hurdles, the firm remains constructive, the analyst added.
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