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Tesla is a ‘must own’ stock, says Wall Street analyst who returns to bullish stance after start-of-year downgrade – MarketWatch

‘We were too early on our downgrade,’ admit Baird analysts

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It isnt too late to join the party. Thats according to analysts at Baird, who on Thursday upgraded shares of Tesla
TSLA,
+0.16%
to outperform and lifted their price target to $488. The electric-car maker late Wednesday reported a fifth straight quarter of profit and sales that climbed 40%. Chief Executive Elon Musk described the July-September period as Teslas best quarter in history. In a note to clients, Baird analysts Ben Kallo and David Katter admitted they were too early in downgrading the…

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