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BYD COMPANY Shoots Up 10%; A Shrs Hit Day Cap; Citi TP on H Shrs at $80
BYD COMPANY (01211.HK), peaking at an over-nine-month high of $55.65, last posted at $53, up 10%, on volume of 16.3 million shares and turnover of $860 million. Its A shares hit th...
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BYD COMPANY Shoots Up 10%; A Shrs Hit Day Cap; Citi TP on H Shrs at $80
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2020/02/20 10:27
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BYD COMPANY (01211.HK), peaking at an over-nine-month high of $55.65, last posted at $53, up 10%, on volume of 16.3 million shares and turnover of $860 million. Its A shares hit the day cap at RMB68.1, an over-52-week high.

Citigroup said news about Tesla's shift to cobalt-free battery at its Shanghai plant is salubrious to BYD COMPANY, which is a leading manufacturer of cobalt-free LFP in the world, ahead of peers' R&D cycle by 1.5 years. Citigroup rated the automaker at Buy with target price of $80.
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