Tesla price target raised to $215 from $190 at UBS

UBS analyst Joseph Spak raised the firm’s price target on Tesla (TSLA) to $215 from $190 and keeps a Sell rating on the shares. While Tesla appears to be well-positioned, the autonomous ride-hailing opportunity is already priced into the stock, the analyst tells investors in a research note. The firm believes the opportunity is worth about $99/share which when considering other parts of Tesla’s business, leaving UBS remaining cautious on Tesla’s overall valuation.