Macquarie Downgrades XPeng to Neutral, Lowers Price Target to $19

Benzinga Newsdesk www.benzinga.com Negative 90.8%

Neg 90.8% Neu 0% Pos 0%

Macquarie analyst Eugene Hsiao downgrades XPeng (NYSE:XPEV) from Outperform to Neutral and lowers the price target from $24 to $19.