Analysts See 5% Upside In SolarCity As Most Maintain Ratings, Targets On Tesla News

The news of Elon Musk’s offer for Tesla Motors Inc TSLA to buy SolarCity Corp SCTY sparked a fury of analyst commentary. Many had questions or opinions on the proposed acquisition, but virtually all of them held their existing ratings on both stocks.

Related Link: Musk Be Nice? SolarCity Spikes 20% Amid Acquisition Offer From Tesla

Some notable info on the prevailing price targets:

• TSLA Offer $26.50-$28.50/sh
• SCTY AVG PT $25.11, 5% upside to today’s open, 8.7% downside to midpoint of TSLA’s offer price
• TSLA AVG PT $247.88, 24% upside to today’s open

Solar City shares were trading at $23.15, up 8.78 percent, while Tesla shares had fallen to $201.56, down 8.17 percent.