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<Research>Daiwa Lifts BYD COMPANY's TP to $431; Rating Reiterated at Buy
Recommend 2 Positive 2 Negative 1 |
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Daiwa wrote in its research report that the sales of BYD COMPANY's (01211.HK) DMi4 and DMi5 models have surprised the market. BYD COMPANY, at the beginning of the year, made its commitment to developing autonomous driving with a strategy to introduce autonomous driving features into mass-market models priced between RMB100,000-200,000. The broker expected the company to start rolling out smart features in its Ocean and Dynasty models from 2025 to further solidify its leadership in the mass-market segment. The broker kept a Buy rating unchanged and raised the target price from $376 to $431. AAStocks Financial News |
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