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XPeng downgraded to Market Perform from Outperform at Bernstein
The Fly

XPeng downgraded to Market Perform from Outperform at Bernstein

Bernstein analyst Eunice Lee downgraded XPeng to Market Perform from Outperform with a price target of $12, down from $16. XPeng will continue to face pressure from increasing competition, and sales momentum could pick up come Q3, risks remain and it remains unclear whether G6 will be a blockbuster following the lackluster performance of P5 and G9 launches, the analyst tells investors in a research note.

Published first on TheFly

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