NewsDialy
A bull-case price target is a best-scenario valuation, not the analyst's actual recommendation, and that gap matters here.
Morgan Stanley analyst Andrew Percoco raised his bull-case figure for Tesla (NASDAQ: TSLA) from $820 to $840 while keeping his base-case target at $400 and his equal-weight rating unchanged.
The shares traded at roughly $357 at the time of the update. The short version: a 2.4% nudge in a scenario price.
What this actually says is that the Tesla Semi truck has become a more prominent part of Morgan Stanley's long-term software argument for the stock.
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