Goldman Sachs: raise Weilai's rating to "buy", with a target price of $56
Goldman Sachs analyst Fang Fei raised Weilai's stock rating from "neutral" to "buy", with a target price of $56, which means that Weilai's share price still has about 65% room to rise. Fang Fei believes that once et7 starts to be delivered, Weilai's share price will rise sharply. Et7 is comparable to BMW and Mercedes Benz in design, and its sales volume is expected to reach the same level as them; Et7 should strengthen Weilai's "position in the high-end field", because et7 is the most expensive model launched by Chinese automobile manufacturers.
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