Citi Lowers Price Target on Autohome (ATHM) Amid Revenue Growth Concerns
Citi has lowered its price target for Autohome Inc. (NYSE: ATHM) to $17 from $18, maintaining a Neutral rating due to ongoing revenue growth challenges and weaker-than-expected operating profit trends. The firm cited continued pressure from weak new vehicle sales into Q2.
Topics: Autohome Citi downgrade price target reduction revenue growth challenges