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BoA: Upgrades Tesla

2020-08-14 17

On Friday, Bank of America upgraded Tesla to "neutral" from "underperform."
It raised its price target to $1,750 from $800.
The firm's new price target implies an 8% upside for Tesla shares over the next year.
Business Insider reports that shares of Tesla ticked up as much as 4% on Friday.
Morgan Stanley also boosted its price target and rating on the automaker.

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