Wedbush Maintains Outperform on Xos, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives maintains an Outperform rating on Xos (NASDAQ:XOS) but lowers the price target from $15 to $12.
August 15, 2024 | 5:09 pm
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Wedbush analyst Daniel Ives maintains an Outperform rating on Xos but lowers the price target from $15 to $12.
The Outperform rating suggests continued confidence in Xos's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100