UBS Maintains Neutral on Tesla, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Patrick Hummel maintains a Neutral rating on Tesla (TSLA) and lowers the price target from $225 to $165.
March 13, 2024 | 9:27 pm
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UBS analyst Patrick Hummel maintains a Neutral rating on Tesla and lowers the price target from $225 to $165.
The reduction in Tesla's price target by UBS, from $225 to $165, indicates a bearish outlook on the stock's short-term price movement. This adjustment reflects concerns or expectations that could negatively impact investor sentiment and potentially lead to a decrease in Tesla's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100