LI is trading at $17.01 (-5.34%) following a Goldman Sachs downgrade to Neutral from Buy, with the price target slashed to $19 due to margin risks and weak guidance.
- Goldman Sachs cut 2026-2028 volume forecasts by 5-22% and highlighted widening losses as a key concern.
- The stock faces additional pressure from a broader market decline, with the S&P 500 down 1.16%.