LI is trading at $17.17 (-4.45%) in pre-market after Goldman Sachs downgraded the stock to Neutral from Buy and slashed its price target to $19 due to margin risks and weak guidance.
- Goldman Sachs cut 2026-2028 volume forecasts by 5-22% and flagged widening losses.
- The firm warned of lackluster growth and depressed margins ahead for the electric vehicle maker.