UBS Downgrades XPeng to Neutral, Announces $23 Price Target
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Paul Gong has downgraded XPeng (NYSE:XPEV) from Buy to Neutral and announced a $23 price target.
July 31, 2023 | 11:09 am
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XPeng's stock has been downgraded to Neutral from Buy by UBS, with a new price target of $23.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for XPeng's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $23 also suggests a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100