Ge Long Hui·2026-01-29 03:17Core Viewpoint - Morgan Stanley expects CATL's stock price to rise relative to the industry average over the next 15 days, with a probability of approximately 70% to 80%, maintaining an "Overweight" rating and a target price of HKD 490 [1] Group 1 - CATL's recent stock price has experienced a pullback, making its short-term valuation more attractive [1] - The market is overly concerned about cost inflation pressures on the company's profit margins, which the company is expected to pass on [1] - CATL has demonstrated its ability to transfer costs during the previous lithium price upcycle and anticipates a short-term recovery in lithium production [1] Group 2 - The company still holds ample low-cost inventory as of the first quarter of 2026 [1]