US Tiger Securities lowered its price target on Li Auto (NASDAQ: LI) to $24 from $28, while keeping a Buy rating. The firm cited a soft third quarter in which Li Auto’s deliveries fell 39% YoY to 93,211 units due to supply-chain constraints, a product-mix transition, and the impact of the MEGA recall. Revenue dropped 36% YoY to RMB 27.4 billion, and gross margin contracted to 16.3%, or 20.4% excluding recall effects. Despite near-term pressure, the analyst viewed the quarter as a “strategic reset” and highl ...