BofAS Ratings and TPs on Auto, Parts and Dealer Stocks (Table)
AASTOCKS News·- BofA Securities released a research report detailing investment ratings and target prices for various auto, auto parts, and dealer stocks. - The report covers multiple companies such as BYD COMPANY, GEELY AUTO, and XPeng Inc. with adjusted target prices across Buy, Neutral, and Underperform ratings. - Key valuation updates include BYD COMPANY's target price moving from HKD 119 to HKD 123 and SERES shifting from Buy to Underperform with a target price of HKD 46.BofAS' Investment Ratings and TPs on Auto Stocks (Table)
AASTOCKS News·- BofAS released a research report updating investment ratings and target prices for multiple auto stocks. - The report assigns Buy ratings to companies such as BYD COMPANY and XPENG-W while adjusting target prices downward for most tracked firms. - Other automakers like GWMOTOR and LI AUTO-W receive Neutral ratings, and SERES experiences a downgrade from Buy to Underperform.Mercedes Faces 2030 US Ban Risk Over Nearly 20% Chinese Ownership
GuruFocus·- Mercedes-Benz Group AG is seeking changes to a bipartisan Senate bill that would restrict connected vehicle sales due to its nearly 20% Chinese ownership. - The proposed legislation aims to limit sales by automakers with over 15% Chinese ownership, prompting Mercedes to push for an increase to 25%. - The outcome may significantly impact Mercedes in the US market, as lawmakers continue to debate the bill, which could allow them time until 2030 to comply or secure amendments.