Bernstein Maintains Underperform on Tesla, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Toni Sacconaghi maintains an Underperform rating on Tesla (TSLA) and lowers the price target from $150 to $120.
March 26, 2024 | 10:50 am
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Bernstein analyst Toni Sacconaghi maintains an Underperform rating on Tesla and lowers the price target from $150 to $120.
The reduction in price target by Bernstein, coupled with the maintenance of an Underperform rating, suggests a bearish outlook on Tesla's stock in the short term. This could lead to negative sentiment among investors, potentially causing a decrease in Tesla's stock price.
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