Wedbush analyst Dan Ives raised his stock price target for Telsa Inc. undefined to $2,000 from $1,250 on Friday, making it the highest among analysts on FactSet. “We believe with demand for Model 3’s ramping stronger than expectations in China heading into the summer timeframe, the lockdown easing in the US/Europe, and some potentially “game changing” battery developments on the horizon (Battery Day another key catalyst) that Tesla’s stock likely has room to run further,” Ives wrote in a note to
- The worries of the COVID-19 news that culminated in a rollback of some reopening measures this week had its expected impact on a variety of reopening trades.
Energy, the underperformer of the 11 S&P sectors this week, seemed to reflect the most pessimistic outlook for the economy as whole.
Oil prices are factoring broad global demand, but a prime driver of their rally from negative prices in April has seen U.S. economic
Morning News Call – India, June 26
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FACTORS TO WATCH
11:00 am: Prime Minister Narendra Modi to launch “Aatma Nirbhar Uttar
Pradesh Rojgar Abhiyan.”
3:00 pm: Principal Economic Advisor Sanjeev Sanyal at FICCI’s webinar on
“Market Disruptions and Adaptations in the New Normal.”
4:00 pm: Finance Minister Nirmala Sitharaman at BJP’s Virtual Rally.
4:30 pm: Union Bank of India’s MD & CEO Rajkiran Rai G. at PHD Chamber of
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