Tesla Joins The $300 Club at Credit Suisse
Credit Suisse followed Deutsche Bank and others, initiating coverage on shares of Tesla (NASDAQ: TSLA) with an Outperform rating on the stock and a price target of $324.93, or 22 percent upside.
On Monday, Deutsche Bank upgraded shares of Tesla Motors from a Hold to a Buy, and raised the price target to $310.00, from the previous target of $220.00. On August 5, Pacific Crest had started coverage of Tesla with an Outperform rating and a $316.00 price target.
JPMorgan doesn't seem to be as enthusiasm showed on August 1, when the firm raised the price target to $170.00, with a Neutral rating on the stock. At $170.00, this represent a nearly 40 percent discount to current levels.
Tesla shares are trading firmer after-hours, up 80 bps at 262.45.
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