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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