Barclays lowered the firm’s price target on Polestar Automotive to $2 from $3 and keeps an Underweight rating on the shares. The company’s Q3 report reflects the difficult demand environment faced by PS2, the analyst tells investors in a research note. The firm says that while the guidance cut for 2023 and 2025 volumes closer to its expectations, Polestar’s mid-term margin still appears optimistic.
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