Barclays Downgrades XPeng to Underweight, Lowers Price Target to $6
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Jiong Shao downgrades XPeng (NYSE:XPEV) from Equal-Weight to Underweight and lowers the price target from $8 to $6.
May 25, 2023 | 9:25 am
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Barclays downgrades XPeng to Underweight and reduces the price target from $8 to $6.
The downgrade from Equal-Weight to Underweight by Barclays analyst Jiong Shao indicates a negative outlook for XPeng's stock. The reduction in the price target from $8 to $6 further supports this bearish view, which may lead to a short-term decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100