Barclays Maintains Underweight on Polestar Automotive, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy maintains an Underweight rating on Polestar Automotive (NASDAQ:PSNY) and lowers the price target from $2 to $1.
July 05, 2024 | 2:58 pm
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Barclays analyst Dan Levy maintains an Underweight rating on Polestar Automotive and lowers the price target from $2 to $1, indicating a bearish outlook.
The Underweight rating and lowered price target from $2 to $1 by Barclays suggest a negative outlook for Polestar Automotive. This is likely to put downward pressure on the stock price in the short term.
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