Core Viewpoint - Morgan Stanley has raised the target price for CATL (03750) H-shares to HKD 530 and upgraded the rating to "Overweight" [1] - The target price for CATL A-shares has been increased to RMB 480 [1] - Morgan Stanley has also raised the 2026 price-to-earnings (PE) valuation multiple for CATL to 30 times, setting a new target price of HKD 600 for H-shares, but downgraded the rating to "Neutral" based on valuation considerations [1] - The expected stock price for CATL has approximately 20% upside potential compared to the previous closing price [1] Summary by Category Target Price Adjustments - CATL H-shares target price increased to HKD 530 [1] - CATL A-shares target price increased to RMB 480 [1] - New H-shares target price set at HKD 600 based on updated valuation [1] Rating Changes - Rating upgraded to "Overweight" for H-shares [1] - Rating downgraded to "Neutral" for H-shares based on valuation considerations [1] Valuation Insights - 2026 PE valuation multiple raised to 30 times for CATL [1] - Expected stock price has about 20% upside potential from the last closing price [1]
小摩:升宁德时代(03750)目标价至600港元 降评级至“中性”