UPDATE: Morgan Stanley Reiterates on Tesla Motors as Earnings Momentum Pauses for Breath

Loading...
Loading...
In a report published Wednesday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on
Tesla MotorsTSLA
, and raised the price target from $149.00 to $153.00. In the report, Morgan Stanley noted, “Tesla's 3Q results, while good enough to keep the bull thesis of ‘America's Fourth Automaker' well intact, were not strong enough to raise consensus expectations near term. For a momentum stock up 400% YTD, TSLA deserves a modest correction.” Tesla Motors closed on Tuesday at $176.80.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsAdam JonasMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...