Two of Wednesday's biggest calls on Wall Street centered around a major electric vehicle maker and a newly spun-off energy company. Barclays cut its price target on Tesla. Meanwhile, Raymond James kicked off its coverage of GE Vernova with an outperform rating. Check out the latest calls and chatter below. All times ET. 6:07 a.m.
"Tesla's deeply challenged near-term fundamentals are taking the backseat to a much larger issue, as Tesla is facing an investment thesis pivot," Levy wrote in a Wednesday note. "We expect the 1Q print to be a negative catalyst for Tesla stock for several reasons." Levy expects Tesla to miss on first-quarter earnings expectations, forecasting gross margins to come out below consensus.
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