CORRECTED: Wolfe Research Downgrades QuantumScape to Underperform, Announces $2 Price Target - Rating Change Updated
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Rod Lache downgraded QuantumScape (NYSE:QS) from Peer Perform to Underperform and announced a $2 price target.
June 08, 2023 | 12:00 pm
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NEGATIVE IMPACT
QuantumScape's stock rating was downgraded to Underperform by Wolfe Research, with a new price target of $2.
The downgrade from Peer Perform to Underperform and the low price target of $2 by Wolfe Research analyst Rod Lache indicate a negative outlook for QuantumScape's stock in the short term. This could lead to a decrease in the stock price as investors may react to the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100