Tesla rallies after Canaccord upgrades rating, says it is like Apple

  • 6 months   ago
Tesla rallies after Canaccord upgrades rating, says it is like Apple

Shares of Tesla climbed 3% on Monday after Canaccord Genuity raised its rating on the electric car maker to “buy” and compared its brand to Apple.

Canaccord Genuity analyst Jed Dorsheimer upgraded Tesla to “buy” from “hold” and increased his price target to $1,071, the second highest among 37 analysts tracked by Refinitiv.

The company run by Elon Musk last traded at $697.

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