Deutsche Bank Maintains Buy on Tesla, Lowers Price Target to $189
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Emmanuel Rosner maintains a Buy rating on Tesla (TSLA) but lowers the price target from $200 to $189.
April 03, 2024 | 5:24 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Buy rating on Tesla but lowers the price target from $200 to $189.
While the maintenance of a Buy rating by Deutsche Bank indicates continued confidence in Tesla's fundamentals and growth prospects, the reduction in the price target could signal concerns about near-term challenges or valuation adjustments. This mixed signal is likely to have a neutral short-term impact on Tesla's stock price as positive sentiment from the Buy rating could be offset by the lowered price target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90