XPeng shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $16.3 to $22.
Portfolio Pulse from Benzinga Newsdesk
XPeng shares are trading higher after Bank of America Securities upgraded the stock from Neutral to Buy and raised its price target from $16.3 to $22.

August 21, 2023 | 11:38 am
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POSITIVE IMPACT
XPeng's stock has been upgraded by Bank of America Securities from Neutral to Buy, with a raised price target from $16.3 to $22. This has resulted in a rise in XPeng's share price.
The upgrade from Bank of America Securities is a positive signal for investors, indicating increased confidence in XPeng's performance. The raised price target suggests that the stock is undervalued at its current price, which could lead to increased buying pressure and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100