As previously reported, BofA analyst John Murphy upgraded Tesla to Buy from Neutral with an unchanged price target of $220 after the company reported what the firm says were better-than-expected Q1 results. This, coupled with management commentary, addressed key concerns and “revitalized the growth narrative,” contends the firm, which sees negative catalysts “knocked out” with the Q1 report and positive catalysts building through the rest of the year.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- Tesla Stock (NASDAQ:TSLA) Reversed Its Course; Will the Growth Sustain?
- TSLA Earnings: Tesla Reports Q1 Results – Here Are the Numbers
- Tesla (NASDAQ:TSLA) Stages Another Round of Layoffs
- Has NIO Stock (NYSE:NIO) Finally Hit Rock Bottom?
- Options Volatility and Implied Earnings Moves Today, April 23, 2024
