Morgan Stanley Reiterates Overweight on XPeng, Maintains $25.4 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Tim Hsiao has reiterated an Overweight rating on XPeng (NYSE:XPEV) and maintained a price target of $25.4.

September 22, 2023 | 3:56 pm
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POSITIVE IMPACT
Morgan Stanley's reiteration of an Overweight rating and maintenance of a $25.4 price target could positively influence XPeng's stock in the short term.
Analyst ratings often influence investor sentiment. In this case, Morgan Stanley's Overweight rating indicates a positive outlook for XPeng, which could lead to increased investor interest and potentially a rise in the stock price. The maintained price target of $25.4 also suggests that the analyst sees potential for growth in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100