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Li Auto price target raised to $31 from $30 at BofA

BofA analyst Ming Hsun Lee raised the firm’s price target on Li Auto to $31 from $30 and keeps a Buy rating on the shares. e The firm lifted its 2024, 2025 and 2026 non-GAAP earnings estimates by 29%, 21% and 19%, respectively, after Li Auto reported its Q2 results and hosted an analyst briefing.

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