Morgan Stanley upgrades Tesla stock and boosts price target on high hopes for battery business

Business Insider


· *Morgan Stanley analyst Adam Jonas upgraded Tesla shares to "equal-weight" from "underweight" late Thursday, citing a bullish outlook for the company's third-party battery sales.*
· *The bank also lifted its price target for Tesla stock to $1,360 from $1,050. The target still implies a 16% decline from Thursday's close.*

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