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Wells Fargo adds Tesla to tactical underweight list, sees no rebound after rough first quarter

Summary by CNBC

Weak demand trends and fundamentals make Wells Fargo bearish on Tesla.

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Wells Fargo adds Tesla to tactical underweight list, sees no rebound after rough first quarter

Weak demand trends and fundamentals make Wells Fargo bearish on Tesla.

2 days ago·United States

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The Motley Fool UK

Up 19% in 2 weeks, can the Tesla share price rebound further?

It has been quite the year so far for shareholders in electric vehicle manufacturer Tesla (NASDAQ: TSLA). The Tesla share price is down by 34% since the turn of the year. But it had been doing worse until a 19% jump over the past two weeks. So, might that momentum continue and the Tesla share price keep going up? I have long wanted to add the share to my portfolio if only I could do so at what I see as an attractive price. High volatility for a …

1 day ago

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TESLARATI

Wells Fargo reiterates Tesla (TSLA) price target of $130

Wells Fargo reiterated its Tesla price target of $130, delivering a grim forecast for the electric vehicle company in the near term. However, not all Wall Street analysts agree with Wells Fargo’s prediction. In a Tuesday note, Wells Fargo analyst Colin Langan outlined a few factors driving the bank’s bearish stance, which might lead to a 53% downside from current levels. The firm reiterated its “Underweight” rating and added Tesla to its tactica…

1 day ago

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americanbankingnews.com

Cabaletta Bio (NASDAQ:CABA) Price Target Lowered to $3.00 at Wells Fargo & Company

Cabaletta Bio (NASDAQ:CABA – Free Report) had its target price lowered by Wells Fargo & Company from $6.00 to $3.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock. Several other brokerages also recently weighed in on CABA. HC Wainwright reaffirmed a “buy” […]

2 days ago

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ELECTRIC VEHICLES

Wells Fargo Names Tesla New ‘Tactical Short Idea,’ Expects Stock to Sink 50%

Wells Fargo published on Tuesday a new research note on Tesla naming the stock the firm's 'New Tactical Short Idea' as it reiterates its underweight rating and $130 price target implying a downside of 49.8%.

2 days ago

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