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BoA: Upgrades Tesla
Video Credit: Wochit
Published on August 14, 2020 - Duration: 00:29s
BoA: Upgrades Tesla
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.