Tesla Downgraded To Neutral From Buy At New Street

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New Street Research analyst Pierre Ferragu downgraded Tesla (TSLA) to Neutral from Buy with an unchanged price target of $578.

Tesla still faces a "decade of hyper-growth" but the near-term upside is now factored into the shares, Ferragu tells investors in a research note.

The company's long-term valuation remains attractive, adds the analyst, who keeps a 2025 price target for the shares of $1,200.


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