Will This Price Target Cut Hurt Tesla (TSLA) Stock Today?

Tickers in this article: TSLA

NEW YORK (TheStreet) -- Tesla  stock has had its price target decreased to $200 from $230, UBS said Thursday. The firm said it lowered its numbers due to a spike in research and development spending. A "neutral" rating was reiterated.  

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Separately, TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."

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