UBS Downgrades Tesla to Neutral, Raises Price Target to $270
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Patrick Hummel has downgraded Tesla from Buy to Neutral and raised the price target from $220 to $270.

July 24, 2023 | 9:37 am
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NEUTRAL IMPACT
Tesla has been downgraded from Buy to Neutral by UBS, but the price target has been raised from $220 to $270.
The downgrade from Buy to Neutral suggests that UBS sees less upside potential in Tesla's stock, which could lead to some investors selling their shares. However, the increase in the price target from $220 to $270 indicates that UBS still sees some growth potential, which could attract new investors. The net effect on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100