Rating
Buy
Price target
RMB 110
Previous
RMB 122
Implied upside
+15%

Macquarie analyst Eugene Hsiao lowered the price target on BYD Co Ltd (002594:CH) (OTC: BYDDY) to RMB110.00 (from RMB122.00) while maintaining a Outperform rating.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

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Previous notes from Macquarie on BYD

Macquarie Buy LowerJul 5, 2026 maintained Macquarie Buy Lowers targetApr 29, 2026 $109from $110 Macquarie Buy Raises targetApr 22, 2026 $120from $115

Other BYD notes

JP MorganBuy Raises target · Jun 9, 2026 $124from $120 Nomura/InstinetBuy Lowers target · Apr 6, 2026 $123from $133 JP MorganBuy Raise · Mar 30, 2026 maintained CLSABuy Lowers target · Mar 11, 2026 $130from $131 JefferiesHold Lowers target · Feb 11, 2026 $88from $92

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