Tesla stock is dropping in Monday trading after a former bull trimmed his price target. What’s more, he’s raised price targets on the legacy auto maker stocks. The Monday dip and analyst flip is leaving bullish Tesla investors wondering what is up.
Jefferies analyst Philippe Houchois cut his Tesla (ticker: TSLA) stock-price target to $700 from $775. “Volatility, Bitcoin, and tweets brought noise but little fundamental change since we downgraded Tesla,” wrote the analyst in a Sunday report. There is much potential ahead, according…
