BofA Securities: Cuts CATL (03750.HK) Target Price to HK$630, Reiterates "Buy" Rating

Zhitong Finance APP has learned that BofA Securities issued a research report stating that it has lowered the target price of CATL (03750.HK) from HK$775 to HK$630 and reiterated its "Buy" rating. The bank noted that the company's net profit for the third quarter of 2026 increased by 15% year-on-year, but fell by 6% quarter-on-quarter to RMB 21.2 billion, below the bank's and market expectations.