UBS Maintains Neutral on Tesla, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Patrick Hummel has maintained a Neutral rating on Tesla (NASDAQ:TSLA) but has reduced the price target from $229 to $225.

January 25, 2024 | 7:38 pm
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NEUTRAL IMPACT
UBS analyst Patrick Hummel maintains a Neutral stance on Tesla but lowers the price target from $229 to $225, indicating a potential limited upside or downside.
The reduction in price target by UBS suggests a modest adjustment in the expected performance of Tesla's stock. Given that the rating remains Neutral and the price target change is minimal, the short-term impact on Tesla's stock price is likely to be limited. However, as analyst ratings and price targets can influence investor sentiment, there may be some reaction in the market, but it is not expected to be significant.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90