Wells Fargo Maintains Underweight on Tesla, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Underweight rating on Tesla (NASDAQ:TSLA) but raises the price target from $120 to $125.
October 24, 2024 | 2:13 pm
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Wells Fargo analyst Colin Langan maintains an Underweight rating on Tesla but raises the price target from $120 to $125.
The Underweight rating suggests a bearish outlook, but the slight increase in the price target indicates some positive adjustments in expectations. The impact on Tesla's stock price is likely neutral in the short term as the mixed signals may balance each other out.
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