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Xpeng Downgraded by JPMorgan Chase & Co., Barclays Cuts Price Target

Guavy AI Editorial Team
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Xpeng (NYSE:XPEV) has been downgraded to 'neutral' by analysts at JPMorgan Chase & Co. from its previous rating of 'overweight', according to a report issued on Tuesday.

This downgrade is not the only negative news for Xpeng, as Barclays also dropped its price target on the company from $15.00 to $14.00 and set an 'underweight' rating in a research report on August 25th.

Despite these downgrades, institutional investors have been increasing their stakes in Xpeng, with Nykredit A S buying a new position in the company during the second quarter worth approximately $825,000.

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