BofA analyst Ming Hsun Lee lowered the firm’s price target on XPeng to $10.70 from $11 and keeps a Neutral rating on the shares post the Q4 results. The analyst likes XPeng’s "robust" new model pipeline in 2023 but is cautious about gross margin pressure in the first half of 2023.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on XPEV: