Benchmark Downgrades Xos to Speculative Hold, Announces $1 Price Target
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Michael Ward has downgraded Xos, Inc. (NASDAQ:XOS) from Buy to Speculative Hold and set a price target of $1.
November 13, 2023 | 4:45 pm
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Xos, Inc. has been downgraded by Benchmark from Buy to Speculative Hold with a price target of $1, indicating potential downside from its current price.
The downgrade from Buy to Speculative Hold suggests that Benchmark analyst Michael Ward sees limited upside potential and possible risks for Xos, Inc. The $1 price target implies a bearish outlook on the stock, which could lead to a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100