NEW YORK (TheStreet) -- Nissan (NSANY) received an upgrade to "neutral" from "sell" from UBS (UBS) Tuesday. UBS sees a potential upside of 15.5% for Nissan shares based on its Tuesday opening price of $17.04 and an average analyst consensus target of $19.69.
Nissan announced Sunday that the car company had sold more electric vehicles than it had expected, moving 100,000 units of its battery powered Leaf sedan since the car's inception in 2010 according to the Wall Street Journal. Nissan will bring that car to the South Korean market later this year and expects to sell 1.5 million of them before 2020. Nissan says that tougher emissions standards will help electric vehicle sales in the future despite infrastructure problems that hinder its sales today.
Concurrently the Nissan Altima is also the best selling sedan in the U.S. so far in 2014. Nissan shares have a 52-week low of $16.45 and a 52-week high of $24.15. Nissan shares closed up 0.76% at $17.17 during Tuesday trading.
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