Market Overview

Morgan Stanley Says Pullback Has Created Buying Opportunity on Tesla Motors

Share:
Related TSLA
A Bunch Of Economic Data Points Are Coming Out Next Week
Why Tesla Referrals Aren't A Bad Thing For The Stock
Monthly Wrap-Up GOOG GOOGL NFLX FB NXPI LNKD AMBA SPY VIX (Marketfy Insights)

In a report published Tuesday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $153.00 price target on Tesla Motors (NASDAQ: TSLA).

In the report, Morgan Stanley noted, “We believe negative news flow on Model S fires, while clearly disruptive to the stock's momentum, will not cause material damage to the business. The pullback has created more than 20% upside to our $153 target (unchanged), enough to make TSLA our top pick out of 26 names in our US auto coverage.”

Tesla Motors closed on Monday at $124.17.

Latest Ratings for TSLA

DateFirmActionFromTo
Jul 2015UBSDowngradesNeutralSell
Jul 2015Pacific CrestDowngradesOverweight
Jul 2015Deutsche BankDowngradesBuyHold

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Adam Jonas Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (TSLA)

Get Benzinga's Newsletters