Tesla shares are trading lower after UBS maintained a Neutral rating on the stock and lowered its price target from $225 to $165.
Portfolio Pulse from Benzinga Newsdesk
Tesla's stock price is trading lower following UBS's decision to maintain a Neutral rating on Tesla and reduce its price target from $225 to $165.
March 14, 2024 | 3:19 pm
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Tesla's stock price has decreased after UBS maintained a Neutral rating and lowered the price target from $225 to $165.
The reduction in Tesla's price target by UBS, a major financial services firm, can lead to a negative perception among investors, potentially causing a short-term decrease in stock price. The maintenance of a Neutral rating indicates that UBS does not see significant upside or downside from the current price level, which might not be enough to counteract the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100