Barclays Maintains Underweight on Polestar Automotive, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy has maintained an Underweight rating on Polestar Automotive (NASDAQ:PSNY) and reduced the price target from $3 to $2.
November 14, 2023 | 1:21 pm
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Barclays has maintained an Underweight rating on Polestar Automotive and lowered the price target from $3 to $2, indicating a bearish outlook.
The reduction in price target by a major financial institution like Barclays, accompanied by an Underweight rating, suggests a negative outlook for Polestar Automotive's stock price in the short term. This could lead to bearish sentiment among investors and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100