Buy Tesla (TSLA) Weakness - Baird

September 1, 2016 11:43 AM EDT
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Price: $240.85 +1.04%

Rating Summary:
    17 Buy, 13 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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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.

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Robert W Baird, Tesla, Ben Kallo

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