Analysts at Morgan Stanley on Tuesday raised their price target on Tesla Inc. stock to $379, from $317. Tesla’s “rapidly growing infrastructure footprint” for electric cars sets the company apart from others, the analysts said. They kept their rating on the shares at their equivalent of neutral. The $379 price target represents an 8% upside to Tuesday’s prices and compares with an average of $315.48 according to FactSet. Last week, analysts at Nomura started covering Tesla with a $500 price target, sending the stock higher.
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