UPDATE: Baird Upgrades Tesla (TSLA) to Outperform

October 22, 2020 5:17 AM EDT
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Price: $589.72 +3.15%

Rating Summary:
    21 Buy, 21 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 4 | New: 24
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(Updated - October 22, 2020 5:43 AM EDT)

(updating comment)

Baird analyst Ben Kallo upgraded Tesla (NASDAQ: TSLA) from Neutral to Outperform with a price target of $488.00.

The analyst comments "We were too early in our January downgrade, but we think it is not too late for us to join the party. TSLA’s competitive moat over peers is substantial (and growing, enabled by rapid capital deployment) and we think it is unlikely traditional OEMs will be able to effectively compete over time. We view TSLA as a “must own” stock for investors looking for exposure to ESG, sustainability, and disruptive technology trends."

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

Shares of Tesla closed at $445.00 yesterday.

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Robert W Baird, Tesla, Ben Kallo