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花旗：上调小鹏汽车目标价 维持买入评级

Citigroup: raise the target price of Xiaopeng car and maintain its buy rating

Jul 2, 2021 15:50
Citigroup analyst Jeff Chung raised the target price of XPEV.N to $56.30 from $50.30, maintaining its buy rating. Analysts pointed out that the company's June delivery figures were 5 per cent higher than market expectations and that the company had recently achieved success in the Hong Kong stock IPO. Analysts say Xiaopeng will become a dual-listed company in Hong Kong and the United States once it is successfully listed in Hong Kong, which will expand the range of investors. Analysts raised Xiaopeng's delivery forecast slightly to 71000 vehicles in 2021, taking into account stronger sales prospects and increasing product competitiveness.
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