Tesla shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight but raised its price target from $220 to $260.
Portfolio Pulse from Benzinga Newsdesk
Tesla's stock is trading lower after Barclays downgraded it from Overweight to Equal-Weight, but increased its price target from $220 to $260.
June 21, 2023 | 3:13 pm
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Tesla shares are trading lower after Barclays downgraded the stock to Equal-Weight and raised its price target from $220 to $260.
Tesla's stock is trading lower due to the downgrade by Barclays, which indicates a more neutral outlook on the stock. Although the price target was raised, the downgrade is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100