DA Davidson Downgrades Xos to Neutral, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Shlisky has downgraded Xos (NASDAQ:XOS) from Buy to Neutral and lowered the price target from $17 to $9.
August 16, 2024 | 11:54 am
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NEGATIVE IMPACT
DA Davidson analyst Michael Shlisky downgraded Xos from Buy to Neutral and reduced the price target from $17 to $9.
The downgrade from Buy to Neutral and the significant reduction in the price target from $17 to $9 by DA Davidson is likely to negatively impact investor sentiment and the short-term stock price of Xos.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100