• 4 Reasons Why Morgan Stanley Slashed Tesla's Price Target By 23%

    5 monthes ago - By Fortune

    Morgan Stanley , led by analyst Adam Jonas, cut its price target on Tesla shares by 23%, a notable action by a firm that has historically taken a bullish position in the electric automaker led by billionaire entrepreneur Elon Musk.
    Morgan Stanley cut its price target on Tesla shares to $291 from $376. Morgan Stanley sees Tesla as trading near fair value with a balanced risk reward, according to the note issued Tuesday. Jonas cut his long-term operating profit margin forecast for Tesla from 14.3% to to 9.8%.
    Tesla declined to comment on Morgan Stanley's price cut. Tesla shares were down...
    Read more ...