UBS downgraded EHang Holdings to a Neutral rating from a Buy recommendation. The investment bank announced the rating change Thursday morning.
UBS lowered its price target for EHang shares to $11.10. This represents a reduction from the prior target of $21. UBS projects more limited growth potential for the stock in the near term as EHang works toward commercial-scale operations.
EHang prepares to announce its first-quarter 2026 financial results on June 9. EHang's pre-market stock price declined following the downgrade news.