Jefferies raised its Tesla price target to $400 from $300 and reaffirmed its 'buy' rating, reflecting higher earnings and an improved balance sheet.
Jefferies upgraded its price target for Tesla to $400 from $300, reflecting expectations of higher earnings and an improved balance sheet, according to a Monday note from analyst Philippe Houchois. Shares of Tesla gained as much as 3.51% Monday. Jefferies raised its 2020 EBIT estimate for Tesla by 24%, saying stabilizing performance in 2019 is setting the company up for growth in 2020. Watch Tesla trade live on Markets Insider.
Jefferies upgraded its price target for Tesla to $400 from $300, reflecting expectations of higher earnings and an improved balance sheet, according to a Monday note from analyst Philippe Houchois. Shares of Tesla gained as much as 3.51% Monday. Jefferies raised its 2020 EBIT estimate for Tesla by 24%, saying stabilizing performance in 2019 is setting the company up for growth in 2020. Watch Tesla trade live on Markets Insider.
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