JP Morgan Maintains Underweight on Tesla, Raises Price Target to $120
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Ryan Brinkman maintains an Underweight rating on Tesla (NASDAQ:TSLA) and raises the price target from $115 to $120.

July 03, 2023 | 1:49 pm
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JP Morgan maintains an Underweight rating on Tesla and raises the price target from $115 to $120.
The news is directly related to Tesla as JP Morgan maintains an Underweight rating on the company. The price target has been raised from $115 to $120, which indicates a slightly positive outlook. However, the Underweight rating suggests that the analyst believes the stock may underperform the market, which could have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100