Piper Sandler Downgrades Polestar Automotive to Neutral, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alex Potter downgraded Polestar Automotive (NASDAQ:PSNY) from Overweight to Neutral and reduced the price target from $3 to $2.

March 15, 2024 | 8:47 am
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Piper Sandler downgraded Polestar Automotive to Neutral from Overweight and lowered the price target to $2 from $3.
The downgrade by Piper Sandler from Overweight to Neutral and the reduction in price target from $3 to $2 is likely to negatively impact investor sentiment towards PSNY in the short term. Such analyst actions often lead to a decrease in stock price as market participants adjust their expectations based on the new analyst outlook.
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IMPORTANCE 90
RELEVANCE 100