UPDATE: Wunderlich Securities Upgrades Tesla Motors; Raises PT
According to a research report published earlier today, Wunderlich Securities has upgraded Tesla Motors (NASDAQ: TSLA) from Hold to Buy, and has increased PT from $30 to $49.
In the report, Wunderlich Securities mentioned, “We hosted an investor tour of both the Fremont, CA, Tesla (TSLA) factory and corporate headquarters in Palo Alto. We were eager to get into the Fremont factory because we believed the company's goals were ahead of its means in the area of auto production. Instead, we were confronted with some hundred or so of the massive dies needed to produce the model S body. Although none of them were inside the presses, it was clear that between what was on the floor and what was coming in from suppliers, it was at or ahead of schedule.”
Tesla Motors closed Friday at $34.08.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.