Barclays Reiterates Underweight Rating on Tesla (TSLA)
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Barclays analyst Brian Johnson reiterated an Underweight rating and $150.00 price target on Tesla (NASDAQ: TSLA). Although the push to move cars led to record deliveries, neither revenues nor EPS were anywhere near a record.
Some bullish investors might have anticipated a modest non-GAAP profit. However, TSLA’s 2Q19 result of - $1.12 should mark the top of the current ‘swing trade.'
Shares of Tesla closed at $233.30 yesterday.
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