研報掘金丨東方證券:維持上汽集團“買入”評級,目標價21.40元
東方證券研報指出,上汽集團(600104.SH)3月終端銷量約42.1萬輛,較3月批發銷量高出約3.5萬輛;1季度公司終端銷量超過108萬輛,較1季度批發銷量高出約13.5萬輛,渠道健康度持續改善。上汽大衆銷量表現維穩,上汽通用銷量環比增長較快。公司加快推進與華爲合作進程,公司總裁賈健旭在媒體溝通會上表示,上汽已派出多位優秀幹部常駐上汽華爲項目深入學習,希望藉助華爲IPD(集成產品開發)體系和IPMS(集成產品營銷與銷售服務)體系打破部門壁壘,實現從“閉門造車”到“開門定義”的轉變。隨着公司自主改革以及與華爲的合作繼續推進,預計自主品牌銷量及品牌影響力將有望逐步提升。目標價21.40元,維持“買入”評級。
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