XPeng's stock falls after analyst's 'profit-taking' call ahead of earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

XPeng's stock fell Friday after J.P. Morgan recommended investors sell ahead of earnings, as "survival competition" in China's auto market weighs...

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.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 3. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »