Zeekr price target lowered to $29.50 from $29.70 at BofA

BofA lowered the firm’s price target on Zeekr (ZK) to $29.50 from $29.70 and keeps a Buy rating on the shares. Zeekr’s Q4 sales were up 39% year over year and 24% quarter over quarter, but were below the firm’s estimate, mainly due to lower battery related sales and weaker-than-expected vehicle average selling price, on higher sales contribution from lower price products, the analyst tells investors in a research note.