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Tesla stock jumps after Jefferies turns bullish, boosts price target

“After the stock tumbled 33% through April 2, 2018, he upgraded the stock to hold” writes Reporter Editor for He rated the stock “underweight” on Sept. 19, 2017, when the stock closed at $375.10.Shares of Tesla Inc. shot up toward a four-month high Friday, after Jefferies analyst Philipe Houchois turned bullish and targeted a more than 20% rally in the stock, citing the electric-vehicle maker’s profit and self-funding potential.The stock TSLA, +2.60% ran up 2.9% in midday trade, putting it on track for the highest close since Aug. 7.

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