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Tesla New Balance Trail Running Shoes Mens opened down over 2 percent Thursday after Cowen initiated coverage of the stock with an underperform rating and a price target of $160, about 20 percent below its current price."The company, while fundamentally well positioned for the long term, has a material amount of execution risk over the next 12 to 18 months," Cowen said in a research note, adding the SolarCity the launch of New Balance Shoes Sale its Model 3.