China’s auto industry has entered a 'knockout stage' where only high-quality developers can survive, per Nomura analysts Joel Ying and Ethan Zhang, with September domestic sales expected to fall over 25% year-on-year due to weak demand and oversupply. Deutsche Bank forecasts XPeng’s 3Q revenue to rise 5% YoY to 21.4 billion yuan but sees gross margin falling to 18.5% and net loss rising 8% sequentially to 1.44 billion yuan, maintaining a buy rating and HK$84 target price. Transurban’s A$4.5 billion acquisition of Canada Pension Plan Investment Board’s stake in Westlink M7, North Connex, and West Connex highways in Sydney is viewed by Citi as strategically attractive but neutral-rated due to bond yields and traffic trends, while Jefferies calls it a long-term benefit with a small drag on FY28–FY29 distribution growth, retaining a hold rating.
Continental is expected to report strong Q3 results and potentially raise FY26 guidance, with UBS maintaining a buy rating and 90.00-euro target price as shares trade at 67.26 euros. Ferrari remains a compelling long-term buy-and-hold per Alpha Value analyst Adrien Brasey, citing scarcity, a 2027 order book, and pricing power supporting earnings resilience.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing