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flag Hesai Group's Q1 earnings miss causes stock drop, but receives mixed ratings from major banks.

flag Hesai Group, a LiDAR solutions provider, reported Q1 earnings of $0.15 per share, significantly lower than expected. flag The stock dropped to $16.01 on the earnings release. flag Despite the miss, Goldman Sachs upgraded Hesai to a "buy" rating with a target price of $18.40, while Morgan Stanley downgraded to "equal weight" with a target of $15.00. flag The company's market cap is $2.03 billion.

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