Citi Expresses Optimism on Li Auto Shares
<p>Citi initiated a "30-day positive catalyst watch” on <a href='https://financialmodelingprep.com/financial-summary/LI'>Li Auto (NASDAQ:LI)</a> while maintaining a Buy rating and a $54.30 price target on the shares. </p>
<p>The bank is optimistic about LI's recent strong shipment and potential sector recovery into July 2023. It highlighted four key potentially positive catalysts to watch over the next 30 days: positive insurance numbers, signs of broader sector recovery, improvements in margins and cash flow, and new product launches. </p>
<p>Citi expects further shipment acceleration, continued sector growth, increased margins and cash flow, and the introduction of both BEV and EREV versions of MPVs by Li Auto.</p>

NASDAQ:LI