Truist Securities Maintains Hold on Tesla, Lowers Price Target to $193-Report Released on 24 January 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has maintained a Hold rating on Tesla (NASDAQ:TSLA) and reduced the price target from $227 to $193 as reported on January 24, 2024.
January 25, 2024 | 4:09 pm
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NEGATIVE IMPACT
Truist Securities analyst William Stein maintains a Hold rating on Tesla and lowers the price target to $193, indicating a potential downside from the previous target of $227.
The reduction in price target by Truist Securities suggests that the analyst sees less upside potential for Tesla's stock, which could lead to negative sentiment among investors and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100