JP Morgan Maintains Neutral on XPeng, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Nick Lai maintains a Neutral rating on XPeng (NYSE:XPEV) and lowers the price target from $9 to $8.
August 21, 2024 | 2:20 pm
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JP Morgan has maintained a Neutral rating on XPeng and reduced the price target from $9 to $8, indicating a cautious outlook.
The reduction in price target from $9 to $8 by JP Morgan suggests a less optimistic view on XPeng's short-term performance, likely leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100