XPeng shares are trading higher after CLSA upgraded the stock from Buy to Outperform and raised the price target from $10 to $13.1.
Portfolio Pulse from Benzinga Newsdesk
XPeng's stock has been upgraded from Buy to Outperform by CLSA, with the price target raised from $10 to $13.1. This has resulted in XPeng shares trading higher.
June 30, 2023 | 11:02 am
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POSITIVE IMPACT
XPeng's stock has been upgraded by CLSA, leading to an increase in its share price. The price target has been raised from $10 to $13.1.
The upgrade from CLSA is a positive signal for investors, indicating that the firm sees potential for XPeng's stock to outperform the market. The increase in the price target from $10 to $13.1 also suggests that CLSA believes the stock is undervalued at its current price, which can lead to increased buying pressure and a rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100