Wells Fargo is throwing in the towel on Tesla as headwinds for the Elon Musk-led company mount. Analyst Colin Langan downgraded the electric vehicle maker to underweight from equal weight. He also cut his price target to $125 from $200. The new forecast implies downside of 29.5% from Tuesday’s close. …
The top holdings of many ESG funds may be surprisingly familiar. While these strategies consider a company’s environmental, social and governance factors, these funds still aim to invest in top performers across industry groups, DWS Group’s Arne Noack explained. “The idea isn’t to be super concentrated and only select a …
(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) An industrial giant and Chinese electric vehicle play were in focus among Friday’s analyst calls. JPMorgan upgraded shares of General Electric to overweight. Meanwhile, Deutsche Bank …