Ehang Holdings Ltd is trading 7.2% down today at $8.57 following a significant analyst downgrade and a broader sell-off in growth stocks.
- UBS downgraded the stock from Buy to Neutral and slashed its price target from $21 to $11.10, citing a more cautious outlook for the company's growth trajectory.
- Shares are facing additional pressure from a risk-off market sentiment and a weak technology tape following a stronger-than-expected U.S. jobs report.