B of A Securities Maintains Buy on XPeng, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on XPeng (NYSE:XPEV) but lowered its price target from $11 to $10.

August 21, 2024 | 2:56 pm
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B of A Securities has maintained a Buy rating on XPeng but reduced the price target from $11 to $10, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in XPeng's potential, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100