Morgan Stanley raises CATL price target & forecasts strong profit growth for 2024

Teslarati
By Maria MeranoMar 12, 2024, 9:26 am146 pts
Morgan Stanley raised its price target for CATL from RMB 184 to RMB 210. The investment bank changed its HOLD rating for CATL to BUY. Morgan Stanley forecasted that the Chinese battery supplier will return to solid profit growth later in 2024. According to Caixin, Morgan Stanley analysts raised CATL’s…

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