Citigroup Maintains Sell on XPeng, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jeff Chung maintains a 'Sell' rating on XPeng (NYSE:XPEV), but has raised the price target from $6.28 to $15.
August 04, 2023 | 11:00 am
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NEUTRAL IMPACT
Despite the 'Sell' rating maintained by Citigroup, the raised price target from $6.28 to $15 could potentially influence investor sentiment towards XPeng.
The 'Sell' rating indicates that Citigroup believes XPeng's stock price may decrease. However, the increased price target could suggest a less bearish outlook than before, potentially influencing investor sentiment and causing some volatility in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100