Tesla Motors (TSLA) PT Cut 37% to $195 at JPMorgan as Funding Does Not Appear Secured

August 20, 2018 6:34 AM EDT
Get Alerts TSLA Hot Sheet
Price: $1,095.00 --0%

Rating Summary:
    24 Buy, 21 Hold, 12 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 4 | New: 52
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

JPMorgan analyst Ryan Brinkman slashed his price target on Tesla Motors (NASDAQ: TSLA) to $195.00 (from $308.00) while maintaining an Underweight rating said it appears 'funding has not been secured'.

"Our interpretation of subsequent events leads us to believe that funding was not secured for a going private transaction, nor was there any formal proposal," the analyst commented.

The analsyt added that while Tesla does appear to be exploring a going private transaction, they now believe that such a process appears much less developed than they had earlier presumed.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Hot Comments

Related Entities

JPMorgan, Tesla