Tesla Motors (TSLA) PT Cut 37% to $195 at JPMorgan as Funding Does Not Appear Secured
- Wall St turns red as Omicron reaches the United States
- First known U.S. Omicron case found in fully vaccinated overseas traveler
- Apple (AAPL) Car: 'Is Tesla Going to be the BlackBerry of Mobility? I Think That's Going to Come Down to Apple' - Morgan Stanley's Jonas
- Private sector employment increased by 534,000 jobs from October to November, topping consensus estimate
- General Motors (GM) sees full year adjusted EBIT in $14 billion range, above prior view
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
- UPDATE: UBS Assumes Coverage on Pinterest Inc (PINS), Downgrades to Neutral
- Tesla (TSLA) Files Recall Of 826 U.S. Vehicles: NHTSA - Bloomberg
- Bank Central Asia Tbk (BBCA:IJ) (PBCRY) PT Lowered to IDR7,200 at JPMorgan
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Hot Comments
Related EntitiesJPMorgan, Tesla
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!