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Investing.com-- Macquarie upgraded Li Auto Inc (NASDAQ:LI) to outperform despite the company likely missing its Q4 guide, as it sees lower risk at current price levels. The US listed stock rose more than 6% on Thursday trading.
Macquarie noted that âQ4 volumes came in below the low end of guidance,â with a higher mix of lower-priced L6 and L7 models weighing on top-line performance. However, net profit could beat expectations.
The brokerage stated that âQ1 premium EV volumes ...
>>> Read more: Li Auto stock gains as Macquarie upgrade stock on lower risk at current levels
Macquarie noted that âQ4 volumes came in below the low end of guidance,â with a higher mix of lower-priced L6 and L7 models weighing on top-line performance. However, net profit could beat expectations.
The brokerage stated that âQ1 premium EV volumes ...
>>> Read more: Li Auto stock gains as Macquarie upgrade stock on lower risk at current levels
