Macquarie downgraded Li Auto to Neutral from Outperform (Friday)

As previously reported, Macquarie analyst Eugene Hsiao Friday afternoon downgraded Li Auto (LI) to Neutral from Outperform with a $27 price target following the Q4 report. The firm said the company’s Q1 volume guidance of 88,000-93,000 is in line with recent seasonal sales trends. The “unexciting” results raise concerns about how Li Auto can sustain future growth beyond its profitable niche in premium electric vehicles, the analyst told investors in a research note.