CATL(SZ:300750) Zhi Tong Cai Jing·2025-10-10 02:10Core Viewpoint - CATL's stock price has declined over 6%, currently trading at 551 HKD, with a trading volume of 622 million HKD. Morgan Stanley and JPMorgan have adjusted their ratings and target prices for CATL, reflecting differing outlooks on the company's valuation and market position [1]. Group 1: Analyst Ratings and Target Prices - JPMorgan downgraded CATL's Hong Kong stock rating from "Overweight" to "Neutral," citing that the current valuation is reasonable, while raising the target price by 13% to 600 HKD [1]. - Morgan Stanley raised the target price for CATL's A-shares from 425 RMB to 490 RMB, maintaining an "Overweight" rating, while increasing the target price for H-shares from 465 HKD to 585 HKD but downgraded the rating from "Overweight" to "In Line with Market" [1]. Group 2: Market Dynamics and Future Projections - The lock-up period for cornerstone investors holding nearly 50% of the issued Hong Kong shares will expire on November 19, which may lead to selling pressure and create technical price resistance [1]. - Morgan Stanley anticipates that the domestic energy storage industry will transition from low-quality to high-quality development over the next five years, projecting CATL's market share in the domestic energy storage sector to increase from approximately 10% to over 50% within three years [1].