Morgan Stanley lowers Tesla price target

Morgan Stanley lowers Tesla price target

Tesla (NASDAQ:TSLA – Free Report) had its price target trimmed by Morgan Stanley from $320.00 to $310.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the electric vehicle producer’s stock.



Several other analysts have also recently commented on the stock. KGI Securities reiterated a neutral rating and issued a $213.00 price target (down previously from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Oppenheimer restated a market perform rating on shares of Tesla in a research report on Tuesday, April 2nd. Redburn Atlantic started coverage on shares of Tesla in a research report on Wednesday, January 24th. They set a sell rating and a $170.00 target price on the stock. The Goldman Sachs Group decreased their target price on shares of Tesla from $220.00 to $190.00 and set a neutral rating on the stock in a research report on Monday, March 18th. Finally, Citigroup decreased their target price on shares of Tesla from $224.00 to $196.00 and set a neutral rating on the stock in a research report on Wednesday, March 27th. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $201.63.

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