Citigroup Maintains Neutral on Tesla, Lowers Price Target to $224
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a Neutral rating on Tesla (NASDAQ:TSLA) but has reduced the price target from $255 to $224.
January 26, 2024 | 3:09 pm
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Citigroup has maintained a Neutral rating on Tesla and lowered the price target from $255 to $224, indicating a potential downside compared to the previous target.
The reduction in price target by Citigroup suggests that the analyst sees less upside potential for Tesla's stock, which could lead to negative sentiment among investors and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100