Gary Black Tweets About Factors Affecting Today’s Market
May 18 2022 - 11:24AM
TipRanks
Gary Black, the managing partner of The Future Fund LLC, tweeted
his views on the factors affecting the pre-market movement today.
First, he pointed to the hawkish tone of the Federal Reserve’s
meeting on Tuesday. Second, he talked about Target Corporation’s
(TGT) big Q1FY22 earnings miss, which is rightly making waves in
the market. It was his third factor that came in as a surprise.
Black disclosed that Piper Sandler analyst Alexander Potter had
revised Tesla’s (TSLA) target price lower! As per his tweet, Potter
has cut the price target on Tesla to $1,035 from $1,260, which
implies a 36.9% upside potential to current stock price levels.
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