Morgan Stanley: downgrade Ningde era rating to low-end downgrade target price to 180 yuan

[Morgan Stanley: downgrade Ningde era rating to low-end downgrade target price to 180 yuan]-Morgan Stanley said it saw that most of the profit margins of battery materials companies have been reflected by stock prices. But Ningde era may face increased risks in terms of market share and profit margins, downgrading the company from equal weight to low-end. Analysts such as Jack Lu pointed out in the report that it is expected that short-term battery capacity is still overproduced, making a price war inevitable, and second-line battery manufacturers may adopt a more aggressive price strategy to gain market share in the second half of this year, cutting the target price of Ningde era by about 16% to 180 yuan.