Tesla price target raised to $370 from $295 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Tesla (TSLA) to $370 from $295 and keeps a Buy rating on the shares. The firm believes investors will seek “safe havens” in autos for 2025, where margin expansion and outgrowth are “relatively shielded from price/mix and environment-driven headwinds.” In this context, Deutsche recommends select suppliers and would generally stay on the side-lines from traditional car makers. It continues to like Tesla into 2025.