Wells Fargo cuts Tesla to Sell with valuation pricey vs. rest of Mag 7
WEBMar 13, 2024 — Analyst Colin Langan downgraded TSLA to a Sell-equivalent Underweight from Equal Weight and lowered its price target to $125 from $200, saying its valuation premium to the other Magnificent 7 ...
The auto sector could enter a bearish territory in 2024 - analyst
WEBDec 14, 2023 — Colin Langan, Wells Fargo senior equity analyst, said he is bearish on the auto sector. In a CNBC interview, he gave three key reasons why he believes the industry could see laggards in the next year.
Tesla does not look like a Magnificent 7 stock anymore -- Wells …
WEBJul 1, 2024 — Analyst Colin Langan and his team estimate automotive gross margin ex-credits will fall further due to the likelihood of more price cuts and lower volumes.
Auto stocks: Election risk is called out by Wells Fargo if either ...
WEBAug 23, 2024 — Analyst Colin Langan noted that candidate Donald Trump has said he is willing to cut the $7.5K IRA electric vehicle credits, essentially raising EV prices for most buyers.
Wells Fargo sizes up Tesla’s aim to manufacture lower cost vehicles
WEBFeb 24, 2023 — Wells Fargo analyst Colin Langan told clients on Friday that expectations are high for Tesla’s investor day on March 1, especially in regards to the expected announcement of a lower cost EV.
BorgWarner is Wells Fargo’s senior equity analyst’s top …
WEBDec 14, 2023 — Colin Langan, Wells Fargo senior equity analyst, told CNBC that BorgWarner Inc. (NYSE:BWA) is his top auto pick for 2024. The buy-rated stock’s price target is $47, while the current price is ...
Tesla's big rally on China developments is called overdone by …
WEBApr 29, 2024 — Wells Fargo analyst Colin Langan said he was surprised by the big share price move on Monday, given the firm sees limited EPS impact and with deal details far from certain.
Ford Motor Company (F) Presents at UBS Global Industrials and ...
WEBJun 6, 2019 — Colin Langan What about consolidated China, that's a huge loss last year showed great progress in Q1. I imagine the tariff helped being that they were -- went from 14 to 15.
Auto parts sector faces recession headwinds, but some will do …
WEBSep 20, 2024 — Given the market headwinds in the commercial and off-highway markets coupled with recession risks and tough “Super Duty” comparables, Langan sees risks to Dana Incorporated’s (NYSE:DAN) 2024 ...
Magna International (MGA) Q2 2024 Earnings Call Transcript
WEBColin Langan - Wells Fargo. Operator. Good morning and welcome to the Magna International Inc. second quarter 2024 results webcast call. All lines have been placed on mute to prevent any ...