Good

Tesla Stock Target Cut by Analyst Because Old Auto Makers Have More in the Tank

Teslastock isdroppingin Monday trading after a former bull trimmed hisprice target. What’s more, he’sraised price targetson the legacyauto makerstocks. The Monday dip and analyst flip is leaving bullish Tesla investors wondering what is up.Jefferies analystPhilippe Houchoiscut his Tesla stock-price target to $700 from $775. “Volatility, Bitcoin, and tweets brought noise but little fundamental change since we downgraded Tesla,” wrote the analyst in a Sunday report. There is much potential ahead,
Tesla Stock Target Cut by Analyst Because Old Auto Makers Have More in the Tank

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet