(Bloomberg) — The spectacular rally by Tesla Inc. stock — it’s more than doubled in three months — has finally pushed a long-time bullish analyst to the sidelines, saying investors’ expectations for the electric-car maker now appear to be “fairly calibrated.”Robert W Baird & Co. analyst Ben Kallo, has had a buy-equivalent rating on Tesla since March 2016, through some of the company’s most tumultuous periods. He downgraded his view on Thursday, saying the “risk/reward is more balanced following recent stock appreciation.” He now has the equivalent of a hold rating on Tesla but boosted his price target to $525 …read more
Source:: Yahoo Finance
