Northland Capital Markets Reiterates Outperform on Xos, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets has reiterated its Outperform rating on Xos (NASDAQ:XOS) but has lowered the price target from $16 to $9.
August 15, 2024 | 5:50 pm
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Northland Capital Markets has reiterated its Outperform rating on Xos but has lowered the price target from $16 to $9.
The reiteration of the Outperform rating is positive, but the significant reduction in the price target from $16 to $9 may cause mixed reactions among investors. The overall impact on the stock price is likely to be neutral in the short term.
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RELEVANCE 100