Wells Fargo Downgrades Tesla to Underweight, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan downgraded Tesla (TSLA) from Equal-Weight to Underweight and reduced the price target from $200 to $125.
March 13, 2024 | 10:00 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tesla downgraded by Wells Fargo from Equal-Weight to Underweight with a price target reduction from $200 to $125.
The downgrade by a major financial institution like Wells Fargo, especially with a significant reduction in the price target, is likely to negatively impact investor sentiment towards Tesla in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100