XPeng Shares Have Fallen Far Enough for One Analyst
American depositary receipts of Chinese electric-vehicle maker XPeng has had a rough ride lately. Butrecent declinesare an opportunity according to one analyst who says Buy the ADRs now.Daiwa analyst Kelvin Lau double-upgraded Xpeng to Buy from Sell Tuesday. Typically, analysts move one notch at a time going, for instance, from Sell to Hold and then to Buy.Coming into Tuesday, XPeng ADRs were down about 23% over the past two weeks, for a year-to-date loss of 35%. The market hasn’t been kind to