Macquarie: Upgrades GEELY AUTO (00175) rating to "outperform the market" with a target price raised to 18 Hong Kong dollars.

14:42 15/11/2024

Morgan Stanley has raised its earnings forecasts for Geely Auto for the years 2024, 2025, and 2026 by 8%, 16%, and 11% respectively.

Macquarie released a research report stating that it has upgraded the rating of GEELY AUTO (00175) to "outperform the market", and has raised the earnings per share forecast for 2024 to 2026 by 8%, 16%, and 11% respectively, reflecting the performance of the third quarter, with the target price raised by 13% to 18 Hong Kong dollars. GEELY AUTO's merger plan is a significant step in integrating diversified brands and will clarify the roadmap for the development of electric vehicles.

Bidding for Warner Bros. (WBD.US) enters a critical period, while Paramount Skydance (PSKY.US) speeds up the antitrust review process.

US Stock Market Move | Multiple departments issued letters to support the new consumption and financial consumption driving LexinFintech Holdings Ltd. Sponsored ADR Class A (LX.US) to rise by 6.04%.

Industry's First Rider Family Hospitalization Protection Implemented Meituan Upgrades Major Illness Care Plan Covering Over One Million Rider Families

Bidding for Warner Bros. (WBD.US) enters a critical period, while Paramount Skydance (PSKY.US) speeds up the antitrust review process.

US Stock Market Move | Multiple departments issued letters to support the new consumption and financial consumption driving LexinFintech Holdings Ltd. Sponsored ADR Class A (LX.US) to rise by 6.04%.

Industry's First Rider Family Hospitalization Protection Implemented Meituan Upgrades Major Illness Care Plan Covering Over One Million Rider Families