Kegley: Initiate a "outperform" rating for Far Eastern Horizon, with a target price of 46 Hong Kong dollars / 17.5 US dollars.

Macquarie released a research report stating that it is covering WeRide for the first time and giving it an "outperform" rating, with a target price of HK $46 and $17.5 for its Hong Kong and US stocks respectively. Macquarie believes that the future winners in the autonomous taxi field will depend more on their ability to establish network effects with first-mover advantages and validate scalable profitable business models.