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Business Morgan Stanley upgrades Tesla stock and boosts be aware target on high hopes for battery trade
} Reuters Morgan Stanley analyst Adam Jonas upgraded Tesla shares to “equal-weight” from “underweight” late Thursday, citing a bullish outlook for the company’s third-party battery sales. The bank also lifted its price target for Tesla stock to $1,360 from $1,050. The target still implies a 16% decline from Thursday’s close. The automaker’s third-party battery and…