大摩：预期宁德时代股价未来15天将上涨，看好其具成本转嫁能力

Core Viewpoint - Morgan Stanley expects CATL's stock price to rise relative to the industry average within 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 are expected to be passed on [1] - CATL has demonstrated its ability to transfer costs during the previous lithium price upcycle and is anticipated to resume lithium production in the short term [1] Group 2 - The company is expected to maintain a sufficient supply of low-cost inventory through the first quarter of 2026 [1]