JPMorgan Cuts Xiaomi Target as Smartphones Weigh on the Story, Autos Still Not a Cure-All
JPMorgan said in a recent China equity research note that Xiaomi has yet to emerge from its operational challenges, prompting the U.S. investment bank to lower its target price to HK$38 and maintain a Neutral rating. Released in 2026, the report argues that while Xiaomi’s electric vehicle