2 Wall Street Analysts Just Hedged Their Bullish Calls on Li Auto. Is It Still a Buy?

Upstart Chinese automaker Li Auto (LI -3.27%) on Thursday cut its deliveries estimate for the first quarter, acknowledging in a statement that the ramp-up plan for its first fully electric vehicle (EV), the Li Mega, might have been too optimistic.Wall Street responded quickly. Analysts at Barclays and Citi both cut their price targets for Li's stock on Friday. Is it time for shareholders to be concerned?Why Li Auto cut its deliveries guidance so close to the quarter's endLi Auto on Thursday said that it now ...