DA Davidson Downgrades Xos to Neutral, Lowers Price Target to $1
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Michael Shlisky has downgraded Xos (NASDAQ:XOS) from Buy to Neutral and lowered the price target from $1.5 to $1.
August 14, 2023 | 1:33 pm
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NEGATIVE IMPACT
Xos has been downgraded from Buy to Neutral by DA Davidson, with a lowered price target of $1.
The downgrade from Buy to Neutral by DA Davidson, a well-known financial institution, along with a lowered price target, could negatively impact investor sentiment towards Xos. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100