Bernstein initiated coverage of Xiaomi (XIACY) with an Outperform rating and HK$55 price target Xiaomi has a “unique ecosystem and significant potential” to be a top contender in the global electric vehicle race, which should be a main driver of the equity story, the analyst tells investors in a research note.
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Read More on XIACY:
- Xiaomi’s Strategic Share Placement: A Buy Rating Amid Growth and Expansion Plans
- Xiaomi price target raised to $45 from $40 at Barclays
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- Xiaomi’s Strategic Growth and Strong Financial Performance Justify Buy Rating
- Xiaomi downgraded to Neutral from Overweight at JPMorgan