Li Auto's weaker growth outlook has Bank of America moving to the sidelines on the stock. BofA downgraded Li Auto to neutral from buy on Friday and trimmed its price target to $26 per share from $31. The firm's forecast calls for about 12% upside from Thursday's close. LI YTD mountain Li Auto stock in 2025. Analyst Ming Hsun Lee pointed to lower growth expectations after the company issued lackluster guidance for vehicle deliveries in the current quarter. "We believe the latest guidance echoes the intensified market competition, which will weigh on Li's sales growth outlook," the analyst said. "We cut 2025/26/27E volume sales by 12%/12%/8%, and lift OPEX to sales by 2.1/2.1/1.5ppt." Competition has also been stiffening, the analyst added, which could be an additional tailwind for growth. "

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