Wrong Time to Sell Tesla (TSLA), Baird's Kallo Says; Use Downgrades to Accumulate
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- Wall St indexes split, Treasuries dip amid earnings, geopolitical crosscurrents
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- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
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- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
Tesla's (TSLA) Valuation 'Getting Full'; Pacific Crest Downgrades to Sector Weight
July 8, 2015 6:45 AM EDTPacific Crest downgraded Tesla Motors (NASDAQ: TSLA) from Overweight to Sector Weight and removed its price target. Analyst Brad Erickson thinks valuation is "getting full" and noted a "high bar" in the second half of the year.
"From root-level technology and manufacturing all the way to sales and... More
Deutsche Bank Downgrades Tesla Motors (TSLA) to Hold on Valuation
July 7, 2015 6:34 AM EDTDeutsche Bank downgraded Tesla Motors (NASDAQ: TSLA) from Buy to Hold with a price target of $280.00 (from $245.00). Analyst Rod Lache thinks shares already reflect opportunity in Stationary Storage, and he downgraded the stock based on valuation.
"Weve been bullish on Teslas prospects, based on the companys EV opportunity. In late April Tesla... More