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<Research>JPM Downgrades GWMOTOR (02333.HK) to Neutral, Trims TP to $12
Recommend 21 Positive 38 Negative 17 |
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GWMOTOR (02333.HK)'s 1H24 results were in line with expectations, with little surprise as the Group has already announced preliminary results, JPMorgan released a research report saying. JPMorgan said that the current valuation of GWMOTOR was quite reasonable. Therefore, JPMorgan downgraded GWMOTOR from Overweight to Neutral, and trimmed its target price to $12 from $18, expecting its share price to continue to expand. Among OEMs, JPMorgan's top picks are BYD COMPANY (01211.HK) and BRILLIANCE CHI (01114.HK). AAStocks Financial News |
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