UBS on Friday downgraded Xpeng Inc (NYSE:XPEV) to “sell” from “neutral” as it views the stock’s rally has overextended and downside risks are not fully reflected in the current valuation.
As previously reported, UBS analyst Paul Gong downgraded XPeng (XPEV) to Sell from Neutral with a price target of $8.80, up from $8.20. The share price has risen over 50% since September as the newly ...