Tesla's Price Forecasts and Wall Street Analyst Ratings

Recently, top analysts on Wall Street have made notable adjustments to their predictions regarding several key companies. Understanding these changes can provide valuable insights for investors.

• Piper Sandler has lowered its price target for Elanco Animal Health Incorporated (ELAN) from $16 to $12. Analyst David Westenberg has maintained a Neutral rating on the stock. Elanco shares closed at $10.85 on the previous Wednesday.
• Barclays has also reduced its price target for Array Technologies, Inc. (ARRY) from $9 to $8, while analyst Christine Cho has retained an Overweight rating. At the close of trading on Wednesday, Array Technologies shares were valued at $5.42.
• Stephens & Co has revised the price target for The Descartes Systems Group Inc. (DSGX) from $145 to $137. John Campbell from Stephens & Co. continues to hold an Overweight rating. The closing price for Descartes Systems shares was $110.92 on Wednesday.
• Wedbush increased its forecast for Marvell Technology, Inc. (MRVL) from $230 to $240, with analyst Daniel Ives keeping an Outperform rating. Shares of Marvell Technology finished at $90.14 at the close of trading.
• Wells Fargo has cut its price target for FedEx Corporation (FDX) from $320 to $275, while analyst Christian Wetherbee maintains an Equal-Weight rating. FedEx shares closed at $250.41 on Wednesday.
• Baird has reduced its target price for Tesla, Inc. (TSLA) from $440 to $370. Baird analyst Ben Kallo maintains an Outperform rating on the stock, which settled at $279.10 on Wednesday.
• Piper Sandler has slashed its price target for Occidental Petroleum Corporation (OXY) from $51 to $50, with analyst Mark Lear retaining a Neutral rating. Shares of Occidental Petroleum closed at $45.51 on Wednesday.
• Barclays raised its price target for PepsiCo, Inc. (PEP) from $153 to $168, while analyst Lauren Lieberman keeps an Overweight rating. PepsiCo shares finished at $153.88.
• B of A Securities has lowered its price target for Marvell Technology, Inc. (MRVL) from $150 to $120. Analyst Vivek Arya continues to hold a Buy rating on the stock.
• Baird has cut its target for THOR Industries, Inc (THO) from $110 to $100, with analyst Craig Kennison maintaining an Outperform rating. THOR Industries shares closed at $81.40 on Tuesday.

This updated information on analyst ratings is crucial for anyone interested in the stock market, as it highlights the shifting perspectives of financial experts on different companies.

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