Market Overview

UPDATE: JP Morgan Initiates Tesla Motors at Neutral on Valuation, Execution Risks

Share:
Related TSLA
Barron's Picks And Pans: REITs, Brown-Forman, ConAgra Foods And More
Tesla's Gigafactory: Are Other Auto Manufacturers About To Experience Their 'Blackberry Moment?'
Volkswagen Challenges GM, Tesla And Nissan With New Electric Cars 2016-2019 (Seeking Alpha)

JP Morgan initiated coverage on Tesla Motors (NASDAQ: TSLA) with a Neutral rating and a $37 price target.

JP Morgan said, "We initiate coverage on shares of Tesla Motors (TSLA) with a Neutral rating relative to our combined autos and auto parts coverage and establish a December 2013 price target of $37, suggesting +8% upside potential. Our Neutral rating balances notable investment positives – including a highly differentiated business model, appealing product portfolio, and leading-edge technology – with above-average execution risk and valuation that seems to be pricing in a lot."

Tesla Motors closed at $34.40 on Monday.

Latest Ratings for TSLA

DateFirmActionFromTo
May 2016Goldman SachsUpgradesNeutralBuy
May 2016Dougherty & CompanyAssumesBuy
May 2016BairdMaintainsOutperform

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!