Wells Fargo cuts Tesla stock to Sell equivalent with valuation pricey vs. rest of Mag 7

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Wells Fargo cut Tesla (NASDAQ:TSLA) to its lowest rating Wednesday, citing the potential for more price cuts that could hit the bottom line.

Analyst Colin Langan downgraded TSLA to a Sell-equivalent Underweight from Equal Weight and lowered its price target

CutsequivalentFargoMagpriceyrestSellstockTeslaValuationWells
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