JPMorgan Downgrades Autohome Inc. (ATHM) to Underweight

JPMorgan analyst Binbin Ding downgraded Autohome Inc. (NYSE: ATHM) from Neutral to Underweight with a price target of $58.00 (from $68.00).

The analyst expects downward pressure from weakened pricing power in the midst of a challenging market environment. Ding is not expecting the recent boycott of dealers to have a material impact but suspects it may weaken the company's pricing power which in puts pressure on lead-generation revenue.

For an analyst ratings summary and ratings history on Autohome Inc. click here. For more ratings news on Autohome Inc. click here.

Shares of Autohome Inc. closed at $76.02 yesterday.

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