研報掘金丨國投證券:維持長城汽車“買入-A”評級,目標價39.8元
國投證券研報指出,長城汽車(601633.SH)2月批發銷量7.8萬臺,環比-4%、同比+10%;2月銷量符合預期,內外銷同比轉正。認爲2月銷量環比下滑主要受到春節假期以及2月銷售天數較少影響。越野市場空間大,Hi4Z有望“再造坦克”。公司精細化打磨產品、全渠道精準營銷、鋪設直營渠道賦能品牌,猛龍、新藍山已取得初步成功,我們認爲後續哈弗、魏牌多款新車上市,國內業務有望迎來拐點。公司品類齊全、技術儲備豐富,出口潛力大。維持“買入-A”評級,對應6個月目標價39.80元/股。
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