Wells Fargo Maintains Underweight on Tesla, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Underweight rating on Tesla (NASDAQ:TSLA) and reduced the price target from $125 to $120.
April 12, 2024 | 12:16 pm
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Wells Fargo analyst Colin Langan maintains an Underweight rating on Tesla and lowers the price target from $125 to $120.
The reduction in Tesla's price target by a prominent analyst could lead to negative sentiment among investors, potentially causing a short-term decrease in Tesla's stock price. The Underweight rating suggests skepticism about Tesla's current valuation or future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100