BofA analyst Fiona Liang initiated coverage of EHang (EH) with a Buy rating and $26 price target According to SMG consulting survey, the company is China’s #1 eVTOL aircraft brand, selling passenger/cargo-grade pilotless eVTOL aircraft, and the firm believes that Ehang will sustain its leadership in China’s eVTOL aircraft market in the coming 5 years given its advanced technology and licensure head start, the analyst tells investors in a research note.
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