Analysts at Cowen & Co. have cut their price target on Tesla Motors Inc. stock to $155, from $160, on concerns about the integration with SolarCity Corp. , which Tesla recently bought, and ongoing worries around Tesla’s production targets, the launch of its mass-market Model 3, and competition in the electric-vehicle arena from other car makers. Cowen’s new price target represents about 14% downside for Tesla’s current share prices. The shares are off 24% so far this year, versus gains of more than 7% for the S&P 500 index in the same period.
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