BOCOM International Downgrades XPeng to Sell, Announces $10.5 Price Target
Portfolio Pulse from richadhand@benzinga.com
BOCOM International analyst Angus Chan has downgraded XPeng (NYSE:XPEV) from Neutral to Sell and set a price target of $10.5.
July 07, 2023 | 11:45 am
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NEGATIVE IMPACT
XPeng has been downgraded from Neutral to Sell by BOCOM International, with a new price target of $10.5.
The downgrade from Neutral to Sell by BOCOM International indicates a negative outlook for XPeng. The new price target of $10.5, if significantly lower than the current trading price, could lead to a sell-off as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100