Morgan Stanley Downgrades Tesla to Equal-Weight, Raises Price Target to $250
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Adam Jonas downgrades Tesla (NASDAQ:TSLA) from Overweight to Equal-Weight and raises the price target from $200 to $250.

June 22, 2023 | 10:26 am
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Tesla downgraded to Equal-Weight by Morgan Stanley, with a raised price target of $250.
Morgan Stanley's downgrade of Tesla to Equal-Weight suggests that the stock is now fairly valued and may not outperform the market in the short term. However, the raised price target of $250 indicates that the analyst sees some potential for the stock to grow. The impact on the stock price is likely to be neutral in the short term.
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IMPORTANCE 80
RELEVANCE 100