Polestar Automotive shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered the price target from $5 to $3.
Portfolio Pulse from Benzinga Newsdesk
Polestar Automotive's stock has been downgraded by Barclays from Equal-Weight to Underweight, with the price target also being reduced from $5 to $3. This has resulted in the shares trading lower.
September 07, 2023 | 2:08 pm
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Polestar Automotive's stock has been downgraded by Barclays, leading to a decrease in the trading price. The price target has also been lowered from $5 to $3.
The downgrade by Barclays from Equal-Weight to Underweight indicates a negative outlook for the stock. This, coupled with the lowering of the price target, has led to a decrease in the trading price of the stock. This is likely to have a negative impact on the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100