BYD Shares Face Pressure as Analysts Downgrade Stock

Chinese electric vehicle manufacturer BYD is experiencing significant selling pressure following a series of analyst downgrades. The company’s shares came under scrutiny after both Erste Group and Jefferies Financial Group revised their ratings downward on September 5th, citing concerns about eroding profit margins due to aggressive price competition in European markets.

The rating adjustments began with Erste Group downgrading BYD from “Buy” to “Hold,” highlighting intensified competition and persistent pricing pressures within the European automotive market. Of particular concern to analysts is the consistent quarterly decline in BYD’s average selling prices across Europe over the past two years.

Jefferies Financial Group followed with its own reassessment, moving from a “strong-buy” to “hold” recommendation. Both financial institutions expressed Read more...