Form 6-K XPENG INC. For: Aug 02
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Macquarie Cuts Xpeng (XPEV) on Expected Slowdown, Shares Fall 8%
August 3, 2022 10:49 AM EDTAnalyst Erica Chen from Macquarie Research downgraded US and Chinese shares of Xpeng (NYSE: XPEV) to Neutral after the companys core high-tier midsize NEV market posted the lowest growth rate due to an already high 32% penetration rate. Macquarie also cut target prices 35% each to... More
