Deutsche Bank Maintains Buy on Tesla, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Emmanuel Rosner maintains a Buy rating on Tesla (TSLA) but lowers the price target from $218 to $200.
March 28, 2024 | 6:28 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Buy rating on Tesla but lowers the price target from $218 to $200.
While the reduction in the price target from $218 to $200 by Deutsche Bank might initially seem negative, the maintenance of a Buy rating indicates continued confidence in Tesla's fundamentals and growth prospects. This mixed signal could lead to a neutral short-term impact on Tesla's stock price as investors weigh the lowered price target against the sustained positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100