The Ratings Game: Tesla stock price, deliveries dialed down yet again

Tesla Inc. got another bearish signal on Monday, with a second analyst in recent days dialing down price targets and casting doubts on the company’s hopes for deliveries of the Model 3.

Analysts at RBC Capital, led by Joseph Spak, cut their price target on Tesla TSLA, -1.34% stock to $210, from $245, which represents a 19% downside from Monday’s prices. They also expect an adjusted loss in Tesla’s first quarter.

“We continue to see downside pressure to (Tesla) shares,” the analysts said. “We see both 2019 and 2020 revenue as down vs. the 4Q18 run-rate and, given (Tesla) is priced for growth, believe the valuation will come in.

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