Market Overview

UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Tesla Motors Ahead of 4Q12 Earnings Report

Related TSLA
Momentum Stocks Showing Weakness
Morgan Stanley Puts Brakes On Tesla Motors Inc Rally
Nevada Rolls Snake Eyes on Tesla (Fox Business)

In a report published Monday, Jefferies reiterated its Buy rating on Tesla Motors (NASDAQ: TSLA), and raised its price target from $36.00 to $45.00.

Jefferies noted, “This past weekend the NY Times published a negative article on the Model S; our conclusion is that the reporter's experience was likely due to improper charging protocol. TSLA is expected to report 4Q:12 earnings later this week; we expect an in line quarter and confirmation of 2013 targets. Model S delivery times are now as short as several months; we expect the focus to be on new reservations. We increase our price target to $45.”

Tesla Motors closed on Friday at $39.24.

Latest Ratings for TSLA

DateFirmActionFromTo
Sep 2014ISI GroupInitiates Coverage onBuy
Sep 2014FBN SecuritiesInitiates Coverage onOutperform
Sep 2014Stifel NicolausUpgradesNeutralBuy

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (TSLA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters