Deutsche Bank Downgrades Tesla to Hold, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Emmanuel Rosner downgrades Tesla (TSLA) from Buy to Hold and lowers the price target from $189 to $123.
April 18, 2024 | 12:14 pm
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Deutsche Bank downgraded Tesla from Buy to Hold and reduced the price target to $123.
A downgrade by a major bank like Deutsche Bank, especially from Buy to Hold, coupled with a significant reduction in the price target, is likely to negatively impact investor sentiment and could lead to a short-term decrease in Tesla's stock price. The analyst's decision reflects a less optimistic outlook on Tesla's future price performance, which may influence the market's perception and investment decisions.
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IMPORTANCE 90
RELEVANCE 100