The Zhitong Finance App learned that Citi released a research report stating that it downgraded the rating of Pioneer Intelligence (00470.HK) from “buy” to “neutral”, and that the target price was drastically lowered from HK$63 to HK$24. The report notes that although leading intelligence management is still optimistic about the visibility of orders, the bank sees early signs of a slowdown in battery capital expenditure in the automation company's operating data.

The Zhitong Finance App learned that Citi released a research report stating that it downgraded the rating of Pioneer Intelligence (00470.HK) from “buy” to “neutral”, and that the target price was drastically lowered from HK$63 to HK$24. The report notes that although leading intelligence management is still optimistic about the visibility of orders, the bank sees early signs of a slowdown in battery capital expenditure in the automation company's operating data.