Deutsche Bank Maintains Buy on Tesla, Lowers Price Target to $218
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Emmanuel Rosner maintains a Buy rating on Tesla (TSLA) but lowers the price target from $250 to $218.
March 11, 2024 | 4:40 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Buy rating on Tesla but lowers the price target from $250 to $218.
While the reduction in the price target from $250 to $218 by Deutsche Bank could be seen as a negative signal, the maintenance of a Buy rating suggests that the bank still sees significant value in Tesla's stock. This mixed signal could lead to short-term uncertainty among investors, potentially causing some volatility in the stock price. However, the continued endorsement from a major bank could also reinforce investor confidence in Tesla's long-term prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100