Buy Tesla (TSLA) Weakness - Baird

September 1, 2016 11:43 AM EDT
Get Alerts TSLA Hot Sheet
Price: $202.34 -0.21%

Rating Summary:
    16 Buy, 13 Hold, 10 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
Trade TSLA Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Baird analyst Ben Kallo is telling clients to buy Tesla Motors (NASDAQ: TSLA) weakness. The firm reiterated an Outperform rating and price target of $338.

Kallo commented, "We are buyers on recent TSLA weakness, caused by recycling of old news. Headlines have been dominated by concerns over TSLA’s need for a capital raise and near-term liquidity constraints, but these are not new developments. We believe that recent pressure is overblown and would be buyers on any weakness."

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $212.01 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Hot Comments, Trader Talk

Related Entities

Robert W Baird, Tesla, Ben Kallo

Add Your Comment