Credit Suisse analyst Dan Levy upgraded Tesla to Outperform from Neutral with an unchanged price target of $1,025. An attractive entry point has emerged in the shares following the recent selloff, Levy tells investors in a research note. The company is a “one of one,” says the analyst, who is “hard pressed to find a stock that checks all the boxes as Tesla does.” Levy believes Tesla offers an attractive growth story, disruption and decarbonization. He believes the stock will recover given the company’s’ “robust fundamentals.” Further volume growth and sustained margin strength should drive upside to consensus estimates, contends Levy.
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