HSBC Maintains Reduce on Tesla, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Michael Tyndall maintains a Reduce rating on Tesla (TSLA) and lowers the price target from $138 to $120.
April 24, 2024 | 6:29 pm
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HSBC analyst Michael Tyndall maintains a Reduce rating on Tesla and lowers the price target from $138 to $120.
The reduction in price target by HSBC reflects a negative outlook on Tesla's stock price in the short term. Given the influence of analyst ratings and price targets on investor sentiment, this adjustment is likely to exert downward pressure on Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100