Cowen lowers Tesla price target to $180 and says Model 3 deliveries could be weaker than expected

Cowen lowers Tesla price target to $180 and says Model 3 deliveries could be weaker than expected

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/03/22/cowen-lowers-tesla-price-target-to-180-model-3-deliveries-could-be-weak.html

Wall Street research firm Cowen lowered its price target on Tesla from $200 to $180 on Friday, saying data suggests deliveries during the quarter could fall below expectations, even with Tesla's "typical end of quarter frantic push."

Analyst Jeff Osborne is lowering his Model 3 delivery forecast from 55,000 to 47,500 and his Model S and Model X delivery forecast from 21,500 to 18,000, based on data from government and third-party sources. Cowen maintains the equivalent of a sell rating on the stock.