Tesla Motors Hits All-Time High; Stifel Compares With 'Freight Train'
Tesla Motors (NASDAQ: TSLA) briefly hit an all-time high Tuesday after an analyst hung a $400 price target on the stock and compared it with a freight train.
Shares of the electric automobile manufacturer are up more than 87 percent year to date. Stifel analyst James Albertine upgraded the shares to Buy and offered a price target equal to 50 times Stifel's 2017 earnings estimate.
Tesla traded recently at $282.92 a share, up 4.9 percent.
Latest Ratings for TSLA
|Jan 2017||Morgan Stanley||Upgrades||Equal-Weight||Overweight|
|Jan 2017||Guggenheim||Initiates Coverage On||Buy|
|Oct 2016||Goldman Sachs||Maintains||Neutral|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.