Hesai Group shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Hesai Group's stock from Buy to Neutral, leading to a decrease in the company's share price.

August 18, 2023 | 6:40 pm
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Goldman Sachs' downgrade of Hesai Group's stock from Buy to Neutral has resulted in a decrease in the company's share price.
Analyst ratings can significantly influence a company's stock price. In this case, Goldman Sachs, a highly influential investment bank, has downgraded Hesai Group's stock from Buy to Neutral. This downgrade suggests that Goldman Sachs no longer views Hesai Group's stock as a strong investment, which can discourage other investors and lead to a decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100