#downgrade

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    WELLS FARGO DOWNGRADES AMAZON, CITING PROFITABILITY CONCERNS.

    Amazon's (AMZN) stock took a hit on October 7, 2024, closing 3% lower after Wells Fargo analyst Ken Gawrelski downgraded the company from Overweight to Equal Weight, reducing its price target from $225 to $183. Gawrelski's note highlighted several headwinds that could weigh on Amazon’s profit...
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    JPMORGAN RECENTLY ADJUSTED IT'S PRICE TARGET FOR TESLA TO $130, SUGGESTING A POTENTIAL DECLINE OF 48% FROM THE STOCK'S CURRENT LEVELS.

    The downgrade follows Tesla's disappointing third-quarter vehicle delivery report, with the bank noting that the company may not achieve any growth in full-year vehicle deliveries for the first time in its history. Year-to-date, Tesla has delivered 1.29 million vehicles, needing over 520,000...
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