Citigroup Maintains Neutral on Polestar Automotive, Lowers Price Target to $1.7
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Neutral rating on Polestar Automotive (NASDAQ:PSNY) but lowers the price target from $2.5 to $1.7.
May 16, 2024 | 3:00 pm
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NEGATIVE IMPACT
Citigroup analyst Itay Michaeli maintains a Neutral rating on Polestar Automotive but lowers the price target from $2.5 to $1.7.
The lowered price target from $2.5 to $1.7 suggests a negative outlook on Polestar Automotive's future performance, which could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100