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<Research>JPM Lifts BYD COMPANY's TP to $600 on Expectation of Firm to Become 'Toyota' of Global EV Mkt
Recommend 10 Positive 13 Negative 6 |
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According to a report from JPMorgan, the broker engaged with nearly 200 investors over the past week and participated in BYD COMPANY (01211.HK)'s reverse roadshow, where it had the chance to test drive the company's latest models. In summary, JPMorgan saw that investors were increasingly confident in BYD COMPANY's long-term growth prospects in both domestic and international markets. JPMorgan reiterated an Overweight rating on BYD COMPANY and raised the target price from $475 to $600, anticipating that the company will become the "Toyota" of the global electric vehicle (EV) market. AAStocks Financial News |
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