“JPMorgan Hikes BYD’s Price Target by More Than 80% on Outlook”
July 12, 2024
“JPMorgan Chase & Co.’s analysts raised their price targets for BYD Co. by more than 80% on expectations the Chinese automaker will deliver 6 million vehicles globally in the next two years…
BYD has focused on boosting international sales and localization efforts while engaging in a brutal price war in its home Chinese market. Its shares have defied heavy losses in electric-vehicle stocks to gain around 12% this year in Hong Kong, while those of its smaller peers Li Auto Inc. and XPeng Inc. have each tumbled more than 45%…”
https://finance.yahoo.com/news/jpmorgan-hikes-byd-price-target-021728307.html