JP Morgan Maintains Underweight on Tesla, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman has maintained an Underweight rating on Tesla (NASDAQ:TSLA) and reduced the price target from $135 to $130.
January 26, 2024 | 3:11 pm
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JP Morgan's analyst Ryan Brinkman has reaffirmed an Underweight rating on Tesla and decreased the price target from $135 to $130.
The reduction in price target by a major financial institution like JP Morgan can have a negative impact on investor sentiment towards Tesla in the short term, potentially leading to a decrease in stock price.
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