Shares for Chinese electric powered vehicle maker
XPeng
have just been hammered in 2022—and they dropped even additional Friday immediately after a once-bullish analyst mentioned to promote the stock.
Citi
analyst Jeff Chung doubled-downgraded shares to Provide all the way from Acquire. (Analysts commonly go a person scores notch at a time, from Invest in to Hold then from Hold to Sell and vice versa.)