Citigroup: Xiaopeng lowers target price to 29.8 Hong Kong dollars, maintains 'neutral' rating.

Jinshi Data August 21 News, Citigroup released a report, slightly raising Xiaopeng's (09868.HK) 2024 to 2026 sales forecast by 1% to 3%, taking into account the factors of MONA sales pump, but due to the dilution of MONA's average selling price, it lowered its revenue forecast for 2024 to 2026 by 5% to 7%. The bank lowered Xiaopeng's target price from HKD 32.2 to HKD 29.8 and maintained a "neutral" rating.