B of A Securities Maintains Buy on XPeng, Lowers Price Target to $11.7
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ming Hsun Lee maintains a Buy rating on XPeng (NYSE:XPEV) but lowers the price target from $12.7 to $11.7.
July 16, 2024 | 5:14 pm
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NEUTRAL IMPACT
B of A Securities analyst Ming Hsun Lee maintains a Buy rating on XPeng but lowers the price target from $12.7 to $11.7.
The Buy rating suggests continued confidence in XPeng's long-term prospects, but the lowered price target indicates some short-term concerns. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100