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M Stanley Upgrades CATL (03750.HK) to Overweight, Raises TP to HKD815
2026-05-05 10:59:16
Morgan Stanley said in a research report that CATL (03750.HK) has built a self-reinforcing loop through continuous innovation, rather than passively responding to demand cycles. Fluctuations in raw material prices, changes in demand and geopolitical disruptions have not altered the company's structural growth trajectory.

The broker raised its earnings CAGR forecast for CATL for 2026-28 from 25% to 30%. It upgraded the H-share to Overweight and named it a top pick, lifting the TP by 17% to HKD815. It also raised the A-share TP for CONTEMPORARY AMPEREX (300750.SZ) by 6% to RMB595.
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