Barclays Maintains Underweight on XPeng, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an 'Underweight' rating on XPeng (NYSE:XPEV) and raised the price target from $6 to $8.
August 22, 2023 | 10:57 am
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Barclays has maintained an 'Underweight' rating on XPeng, but raised the price target from $6 to $8.
While the 'Underweight' rating suggests that Barclays expects XPeng's stock to underperform, the raised price target indicates a slightly more positive outlook. However, the overall impact is neutral as the rating has not changed.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100