Citigroup Maintains Neutral on XPeng, Lowers Price Target to $7.6
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jeff Chung maintains a Neutral rating on XPeng (NYSE:XPEV) and lowers the price target from $8.3 to $7.6.

August 21, 2024 | 3:13 pm
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NEGATIVE IMPACT
Citigroup analyst Jeff Chung maintains a Neutral rating on XPeng and lowers the price target from $8.3 to $7.6, indicating a cautious outlook.
The lowering of the price target by Citigroup suggests a less optimistic view on XPeng's short-term performance, which could lead to a negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced target price reflects potential challenges or lower expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100