Stifel lowered the firm’s price target on Tesla (TSLA) to $455 from $474 and keeps a Buy rating on the shares as the firm is reducing its near-term delivery forecasts to reflect the rollout of the new Model Y “Juniper” as well as headwinds from “the anti-Elon Musk crowd.” Democrats’ favorability rating on Tesla has plunged, creating near-term sales headwinds, says the analyst, who is updating forecasts to reflect lower near-term sales.
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