Name: XPeng (XPEV) Downgraded at Bernstein With Reduced Price Target of $12
Uploaded: 2023-03-25T14:32:20.635
Duration: 6 min 50 s
Description: Shares of XPeng fell after a bearish note from Bernstein, where the analyst downgraded shares to market perform from outperform and lowered his price target to $12 from $16. George Tsilis discusses the risks associated with XPeng, given its shaky balance sheet and wavering path to profitability. Tsilis also looks at its margin weakness following cost-cut initiatives from the EV maker.

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Shares of XPeng fell after a bearish note from Bernstein, where the analyst downgraded shares to market perform from outperform and lowered his price target to $12 from $16. George Tsilis discusses the risks associated with XPeng, given its shaky balance sheet and wavering path to profitability. Tsilis also looks at its margin weakness following cost-cut initiatives from the EV maker.

XPeng (XPEV) Downgraded at Bernstein With Reduced Price Target of $12

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