Analyst Colin Langan cut his target to $160 from $200, citing second-half delivery concerns. Langan also reduced his earnings estimates through 2023.
UBS on Friday cut its Tesla price target to $160 from $200, citing profits and deliveries concerns. It was the third time this year analyst Colin Langan cut his target. He also lowered his earnings estimates for this year through 2023. Track Tesla shares here in real time. Tesla shares slipped on Friday after UBS cut its price target on the electric-car maker's stock for the third time this year, citing concerns over second-quarter profits and deliveries for this year's second half.
UBS on Friday cut its Tesla price target to $160 from $200, citing profits and deliveries concerns. It was the third time this year analyst Colin Langan cut his target. He also lowered his earnings estimates for this year through 2023. Track Tesla shares here in real time. Tesla shares slipped on Friday after UBS cut its price target on the electric-car maker's stock for the third time this year, citing concerns over second-quarter profits and deliveries for this year's second half.
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