Lazard Starts Tesla Motors (TSLA) at Buy, Sets $42 Price Target

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Lazard Capital's Sanjay Shrestha initiated coverage on shares of Tesla Motors (NASDAQ: TSLA) with a Buy rating and $42 price target Thursday morning.

With the stock closing at $29.77 on Wednesday, Shrestha's new price target suggests possible upside of about 41 percent.

Tesla shares have been stuck in a range over the last month; the stock has not traded above $33, but has not pushed very far below the $28 level.

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

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