Piper Sandler Initiates Coverage On Polestar Automotive with Overweight Rating, Announces Price Target of $3
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alex Potter has initiated coverage on Polestar Automotive (NASDAQ:PSNY) with an Overweight rating and a price target of $3.
November 01, 2023 | 11:07 am
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Piper Sandler has initiated coverage on Polestar Automotive with an Overweight rating and a price target of $3, which could positively impact the stock.
Analyst ratings and price targets can significantly influence a stock's performance. An Overweight rating suggests that the analyst believes the stock will outperform its industry in the near term. The price target of $3 also indicates the analyst's confidence in the stock's potential upside. Therefore, this news is likely to have a positive impact on PSNY's stock price in the short term.
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