Elon Musk both asset, 'considerable risk' to Tesla, per HSBC: 4 big analyst cuts
Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: a Sell initiation at Tesla, and downgrades at Ginkgo Bioworks, Navient, and Masonite International.) shares were falling 3.5% Thursday after HSBC initiated coverage on the EV maker with a Reduce rating and a $146 price target, which implies nearly 35% downside risk from Wednesday’s closing price.
They added,"This wasn't a major surprise to us, but for Ginkgo to make this adjustment in November after its Analyst Day is disappointing."
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