Cowen upgraded Tesla to outperform with $1,100 price target, while Goldman Sachs downgraded Plug Power to sell with $29 target

From Google: 2024-08-09 13:58:36

Investment firm Cowen upgraded shares of Tesla from “market perform” to “outperform,” citing strong demand for electric vehicles and the company’s potential to disrupt various industries. Cowen also raised its price target for the stock to $1,100 per share, representing a 30% upside. Tesla’s stock closed at $872.79 on Wednesday.

Goldman Sachs downgraded shares of Plug Power from “neutral” to “sell,” expressing concern over valuation and potential competition in the hydrogen fuel cell market. The investment bank lowered its price target for Plug Power from $60 to $29 per share, representing a 24% downside. Plug Power’s stock closed at $37.98 on Wednesday.



Read more at Google: Thursday’s Top Upgrades (and Downgrades) – AOL