JP Morgan Downgrades XPeng to Neutral, Lowers Price Target to $11.5

Benzinga Newsdesk www.benzinga.com Negative 90.3%

Neg 90.3% Neu 0% Pos 0%

JP Morgan analyst Nick Lai downgrades XPeng (NYSE:XPEV) from Overweight to Neutral and lowers the price target from $24 to $11.5.