Zeekr price target lowered to $26 from $30 at BofA

BofA analyst Ming Hsun Lee lowered the firm’s price target on Zeekr to $26 from $30 and keeps a Buy rating on the shares after the company announced Q2 results and hosted an associated conference call. Following the report and call, the firm lifts its sales volume and GPM forecasts in 2024/25/26 to reflect more positive sales and gross margin assumptions, but also lifts the operating expense to sales ratio and revised up the net loss assumptions and revised down its target on the shares.