UBS upgraded XPeng (XPEV) to Neutral from Sell with a price target of $18, up from $8.80. After DeepSeek “shocked” equity markets, investors are now willing to assign some value for XPeng’s artificial intelligence potential, even remote applications, the analyst tells investors in a research note. The firm says AI should “continue to dominate the debate” and that XPeng, with a focus on AI, is a company that warrants such attention in the auto sector. With the potential change in risk appetite, UBS upgrades the shares to Neutral.
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