Jefferies downgraded XPeng (XPEV) to underperform from hold. Caroline Woods discusses XPEV as Jefferies cut its price target to $4.20 from $18.60. She previews XPEV's earnings which will be released November 30th, premarket. She compares XPEV to LI Auto (LI), Nio Inc. (NIO), and BYD Co. (BYDDY). She also notes that XPEV's earnings estimates came in at -$0.28 EPS and $995.53M in revenue. Tune in to find out more about the stock market today.
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