Shares of XPeng Inc. took a hit Friday, after J.P. Morgan recommended investors sell ahead of earnings, as there is very little scope for a positive margin surprise given the “survival competition” seen in China’s auto market.
Analyst Nick Lai cut his rating on the China-based electric-vehicle maker to underweight from neutral. While the price target was raised to $10.00 from $7.50, the new target still implies 33.5% downside from Thursday’s closing price of $15.04. Lai said he expects second-quarter gross profit margin to remain weak due to operation deleveraging and a weak product mix, and sees second-half GPM below current Wall Street forecasts.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »