Goldman Sachs: Cuts CATL (03750.HK) target price to HK$859, maintains "Buy" rating.

Zhito Finance APP has learned that Goldman Sachs issued a research report stating that it has lowered the H-share target price of CATL (03750.HK) to HK$859 and maintained a "Buy" rating. The bank expects the company's third-quarter net profit to reach RMB 24 billion, a year-on-year increase of 30%, mainly driven by strong sales of 260GWh, but unit net profit is expected to decline to approximately RMB 93 per kWh.