Piper Sandler initiated coverage of Xiaomi (XIACY) with an Overweight rating and HK$55 price target The firm names Xiaomi its favorite stock among the Chinese electric vehicle specialists. China’s auto market has “cutthroat competition and extreme policy risk,” but some companies have an advantage over their global peers, namely due to electronics self-reliance, the analyst tells investors in an a research note. Piper believes no one is better positioned than Xiaomi.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XIACY:
- Xiaomi’s Strong Growth Prospects: Buy Rating Backed by Smart EV Success and Strategic Initiatives
- Xiaomi’s Promising EV Market Growth and Strategic Innovations Reinforce Buy Rating
- Porsche, Xiaomi compete over custom-model buyers in China, Bloomberg says
- Xiaomi’s Strategic Positioning and Product Innovation Drive Buy Rating
- Xiaomi’s Strong Performance and Strategic Advantages in the EV Sector Lead to Buy Rating