Tesla and a major bank were in focus Wednesday as part of the day's analyst chatter.
Tesla and a major bank were in focus Wednesday as part of the day's analyst chatter. The EV maker got a price target cut from Citi, citing concern round the company's upcoming delivery numbers. Wells Fargo was downgraded to market perform by KBW, which noted the stock is due for a consolidation phase after outperforming recently. Check out the latest calls and chatter below. All times ET. 8:44 a.m.
mountain SPOT in 2024 — Hakyung Kim 6:12 a.m.: BMO upgrades mining company to outperform Precious metals mining company Royal Gold has a compelling valuation, according to BMO Capital Markets. Analyst Jackie Przybylowski upgraded the stock to outperform from market perform. She also raised her price target to $158 from $148, implying the stock could rally 45% from where it closed on Tuesday.
mountain TSLA year to date — Hakyung Kim 5:31 a.m.: KBW downgrades Wells Fargo Wells Fargo is due for a pause after the bank's strong run-up, according to KBW. Analyst David Konrad downgraded the stock to market perform from outperform. He did, however, raise his price target to $62 from $56, with the new forecast calling for 9% upside. Wells Fargo shares are up more than 15% in 2024. Over the past year, they have rallied 51.3%.
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Tesla: TSLA sinks following Wells Fargo price target cutTesla (TSLA) is not sitting well on Wednesday after analysts at Wells Fargo downgraded the electric vehicle (EV) manufacturer to Underweight from Equal Weight.
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Wells Fargo downgrades Tesla, sees electric vehicle stock dropping nearly 30% from hereWells Fargo is throwing in the towel on Tesla as headwinds for the Elon Musk-led company mount.
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FBI Houston looking for 'little rascals' accused of robbing Greenspoint-area Wells Fargo bankWitnesses told officials the alleged bank robbers appeared to be between 14 and 18 years old. FBI Houston said the trio left the bank on foot.
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Construction tops out on Wells Fargo’s $500 million Irving campusDallas developer KDC has topped out on Wells Fargo's $500 million regional campus in Irving, marking the mid-construction point for the 22-acre office project...
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Wells Fargo coming back or something new moving in?4302 Connecticut Ave, NW 'Dear PoPville, It looks as though something might be going into the space on Conn Avenue/Van Ness beside Potbelly and the Vietnam restaurant. Wonder if anyone knows what might be going there. Thanks.
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Top banking analysts see 3 reasons why Wells Fargo stock should push even higher this yearElevated borrowing costs, signals of more lenient bank regulation, and management's strides to cut costs are all upward drivers for the stock.
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