Analysts are pulling back from the Consumer Cyclical sector as 2 experts expressed today bearish sentiments on Tesla (TSLA – Research Report) and Floor & Decor Holdings (FND – Research Report).
Tesla (TSLA)
In a report released today, Colin Langan from Wells Fargo maintained a Sell rating on Tesla, with a price target of $125.00. The company’s shares closed last Friday at $164.91, close to its 52-week low of $152.37.
According to TipRanks.com, Langan has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.8% and a 47.4% success rate. Langan covers the NA sector, focusing on stocks such as Magna International, Rivian Automotive, and General Motors.
Tesla has an analyst consensus of Hold, with a price target consensus of $191.67, which is a 13.4% upside from current levels. In a report issued on March 27, Redburn Atlantic also maintained a Sell rating on the stock with a $150.00 price target.
See today’s best-performing stocks on TipRanks >>
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on TSLA:
