Deutsche Bank raised the price target Li Auto by 6% to $34

The bank raised the forecast of Li Auto's car sales to 135,000 units in 2022 from their previous forecast of 117,500 units, implying a 50% year-on-year growth. The updated sales forecast is based on the assumption that Li Auto will deliver an average of 10,000 Li ONE units per month and 15,000 new full-size SUVs with extended-range technology next Year.
Deutsche Bank raised the target price of Ideal Car by 6% from $32 to $34, maintaining its holding rating.
Deutsche Bank expects Ideal Auto to sell 135,000 units in 2022, higher than the previous forecast of 117,500 units.
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