HSBC Lowers BYD Price Target to RMB123

HSBC analyst Yuqian Ding lowered the price target on BYD Co Ltd (002594:CH) (OTC: BYDDY) to RMB123.00 (from RMB131.00) while maintaining a Buy 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.