JPMorgan: Downgrades CATL (03750.HK) to "Neutral"; Automakers' Profitability Already Under Pressure

Zhitong Finance APP has learned that JPMorgan issued a research report stating that it has downgraded CATL's (03750, 300705.SZ) H-share rating to "Neutral," maintained an "Overweight" rating on its A-shares, and lowered CATL's earnings forecasts, while maintaining CATL's A-shares as the only stock among the battery stocks covered by the bank with an "Overweight" rating.