Tesla (NASDAQ:TSLA – Get Free Report) was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. They currently have a $125.00 target price on the electric vehicle producer’s stock, down from their prior target price of $200.00. Wells Fargo & Company‘s target price would indicate a potential downside of 29.59% from the company’s previous close.
Several other equities analysts also recently weighed in on TSLA. The Goldman Sachs Group dropped their target price on shares of Tesla from $255.00 to $220.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Truist Financial decreased their price target on shares of Tesla from $227.00 to $193.00 and set a “hold” rating on the stock in a research note on Thursday, January 25th. Royal Bank of Canada reaffirmed an…
