XPeng shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $8 to $6 following the company's Q1 financial results yesterday.
Portfolio Pulse from Benzinga Newsdesk
XPeng shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $8 to $6 following the company's Q1 financial results.
May 25, 2023 | 12:44 pm
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XPeng's stock has been downgraded by Barclays from Equal-Weight to Underweight, with a lowered price target from $8 to $6 after the company's Q1 financial results.
The downgrade by Barclays, a major financial institution, is a strong indicator of their lack of confidence in XPeng's short-term performance. This will likely lead to a negative impact on the stock price as investors may follow suit and sell their shares, causing the price to drop.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100