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TSLA

Tesla

$252.18

-4.53 (-1.76%)

06:04
10/12/18
10/12
06:04
10/12/18
06:04

Tesla: Orders placed by October 15 eligible for full tax credit

Tesla said on its website that orders for cars placed by October 15 will be eligible for a full federal tax credit of $7,500 and these customers will get their cars delivered by the end of the year. Reference Link

  • 29

    Oct

  • 13

    Nov

TSLA Tesla
$252.18

-4.53 (-1.76%)

10/08/18
MACQ
10/08/18
INITIATION
Target $430
MACQ
Outperform
Tesla initiated with an Outperform at Macquarie
Macquarie initiated Tesla with an Outperform and $430 price target.
10/08/18
10/08/18
INITIATION
Target $430

Outperform
Macquarie sees Tesla leading in 'vehicle ecosystems,' starts at Outperform
As previously reported, Macquarie analyst Maynard Um initiated Tesla with an Outperform rating and $430 price target, stating that he sees the company having unique potential among carmakers to be a leader in in-vehicle ecosystem platforms. In the near-term, Um also thinks Tesla has enough levers to get over its "debt maturity hump," including cash flow from ZEV credits and Model 3 sales, access to $1.2B unused debt commitment, and the potential for credit amendments. While noting that CEO Elon Musk has said the company does not have to raise capital, Um believes an equity raise would be beneficial, he added in his initiation note to investors.
10/09/18
10/09/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Outperform at Macquarie. 2. Tellurian (TELL) initiated with a Buy at BofA/Merrill. 3. NIO Inc. (NIO) initiated with a Neutral at JPMorgan and an Overweight at Morgan Stanley. 4. Eyenovia (EYEN) initiated with a Buy at H.C. Wainwright. 5. Garrett Motion (GTX) initiated with an Equal Weight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/18
10/09/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. WALMART UPPED TO BUY AT DEUTSCHE: Deutsche Bank analyst Paul Trussell upgraded Walmart (WMT) to Buy from Hold and raised his price target for the shares to $113 from $89. The retailer is reaping returns on the many years of investment in e-commerce and customer service, Trussell said. The analyst believes Walmart is now in position to accelerate market share gains in grocery while also growing EBIT dollars and expanding return on investment. He believes Walmart's portfolio of assets is differentiated in the "rapidly changing" retail landscape. In late morning trading, Walmart is up just over 2%. KROGER CUT TO SELL AT DEUTSCHE: Deutsche Bank analyst Paul Trussell downgraded Kroger (KR) to Sell from Hold and lowered his price target for the shares to $24 from $30. Kroger's strategy to aggressively expand e-commerce capabilities, optimize space within current footprint, and compete on price "will likely be significantly more costly than the company and consensus are currently forecasting," Trussell said. The analyst, while believing Kroger may be one of the winners in food retail over the long term, thinks the "period of rapid change" in the grocery sector will likely make it challenging for the company to grow profits "while playing from a position of weakness." JEFFERIES UPGRADES BAKER HUGHES TO BUY: Jefferies analyst Brad Handler upgraded Baker Hughes (BHGE) to Buy from Hold and raised his price target for the shares to $38 from $34. Earnings power of $4 per share next decade "seems tangible," as is free cash flow conversion of greater than 90% of estimated earnings, Handler said. Further, he thinks General Electric (GE) "fire-sale" risk is small. MACQUARIE STARTS TESLA WITH AN OUTPERFORM: Macquarie analyst Maynard Um initiated Tesla (TSLA) with an Outperform rating and $430 price target, stating that he sees the company having unique potential among carmakers to be a leader in in-vehicle ecosystem platforms. In the near-term, Um also thinks Tesla has enough levers to get over its "debt maturity hump," including cash flow from ZEV credits and Model 3 sales, access to $1.2B unused debt commitment, and the potential for credit amendments. MOFFETTNATHANSON SAYS SNAP WILL NEED TO RAISE CAPITAL: MoffettNathanson analyst Michael Nathanson said he is skeptical, despite Snap (SNAP) CEO Evan Spiegel's internal memo, that the company can hit his stated 2019 goal of achieving full year positive free cash flow and profitability. Snap "is quickly running out of money," contends Nathanson, who thinks the company will need to raise capital by the middle to end of 2019. The analyst lowered his revenue estimates for 2019 and 2020 as he anticipates slower DAU and ARPU growth ahead and maintained his Neutral rating on Snap shares, though he cut his price target to $6.50 from $8.

TODAY'S FREE FLY STORIES

CSLT

Castlight Health

$2.62

0.04 (1.55%)

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DTRM

Determine

$0.58

-0.01 (-1.69%)

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GTT choses Determine's procure-to-pay solution »

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PACW

PacWest Bancorp

$44.20

-0.14 (-0.32%)

09:13
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09:13
Recommendations
PacWest Bancorp analyst commentary  »

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  • 07

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PM

Philip Morris

$84.62

1.12 (1.34%)

09:13
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09:13
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09:13
Hot Stocks
Philip Morris says KFDA comments impacting those new to IQOS »

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  • 18

    Oct

ATOM

Atomera

$4.65

(0.00%)

09:12
10/18/18
10/18
09:12
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09:12
Initiation
Atomera initiated  »

Atomera initiated with a…

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  • 01

    Nov

CGIX

Cancer Genetics

$0.82

0.01 (1.23%)

09:10
10/18/18
10/18
09:10
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09:10
Hot Stocks
Cancer Genetics enters strategic partnership with Genecast Biotechnology »

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BL

BlackLine

$45.55

-0.01 (-0.02%)

, TRUE

TrueCar

$12.14

-0.1 (-0.82%)

09:10
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10/18
09:10
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09:10
Hot Stocks
BlackLine names Susan Otto as chief people officer »

BlackLine (BL) announced…

BL

BlackLine

$45.55

-0.01 (-0.02%)

TRUE

TrueCar

$12.14

-0.1 (-0.82%)

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  • 01

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CCB

Coastal Financial

$16.25

0.05 (0.31%)

09:10
10/18/18
10/18
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09:10
Hot Stocks
Coastal Financial hires Erika Heer as CHRO »

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09:10
10/18/18
10/18
09:10
10/18/18
09:10
General news
Fed dove Bullard said monetary policy is about right »

Fed dove Bullard said…

09:10
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09:10
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09:10
General news
The Philly Fed slipped to 22.2 »

The Philly Fed slipped to…

SPN

Superior Energy

$9.62

-0.25 (-2.53%)

09:09
10/18/18
10/18
09:09
10/18/18
09:09
Downgrade
Superior Energy rating change  »

Superior Energy…

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  • 23

    Oct

PM

Philip Morris

$84.62

1.12 (1.34%)

09:09
10/18/18
10/18
09:09
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09:09
Hot Stocks
Philip Morris sees Q4 net revenue down about 5%, reflecting difficult comps »

Says September YTD net…

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  • 18

    Oct

IBM

IBM

$134.05

-10.97 (-7.56%)

, LNVGY

Lenovo

$0.00

(0.00%)

09:09
10/18/18
10/18
09:09
10/18/18
09:09
Hot Stocks
IBM signs $240M agreement with Lenovo for AI call center technology »

IBM (IBM) will supply…

IBM

IBM

$134.05

-10.97 (-7.56%)

LNVGY

Lenovo

$0.00

(0.00%)

03/08/13
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  • 21

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  • 03

    Mar

TMO

Thermo Fisher

$234.64

-0.59 (-0.25%)

09:09
10/18/18
10/18
09:09
10/18/18
09:09
Downgrade
Thermo Fisher rating change  »

Thermo Fisher downgraded…

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  • 19

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  • 24

    Oct

HAL

Halliburton

$39.56

-0.52 (-1.30%)

09:09
10/18/18
10/18
09:09
10/18/18
09:09
Downgrade
Halliburton rating change  »

Halliburton downgraded to…

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  • 22

    Oct

STIM

Neuronetics

$22.50

-1.63 (-6.76%)

09:07
10/18/18
10/18
09:07
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09:07
Recommendations
Neuronetics analyst commentary  »

Neuronetics fundamentals…

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  • 27

    Nov

KEY

KeyCorp

$18.75

0.17 (0.91%)

09:07
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09:07
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09:07
Hot Stocks
KeyCorp sees Q4 average loans up low single digits »

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  • 18

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  • 16

    Nov

SAN

Banco Santander

$4.90

-0.085 (-1.71%)

09:07
10/18/18
10/18
09:07
10/18/18
09:07
Periodicals
German probe into share-swapping scheme spreads to Santander, FT reports »

Spain's Banco…

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AMGN

Amgen

$202.78

0.48 (0.24%)

09:05
10/18/18
10/18
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09:05
Hot Stocks
Amgen invests $66M in Oxford Nanopore Technologies »

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  • 19

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    Nov

FLS

Flowserve

$51.52

-0.29 (-0.56%)

09:04
10/18/18
10/18
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09:04
Downgrade
Flowserve rating change  »

Flowserve downgraded to…

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XYL

Xylem

$71.34

-0.4 (-0.56%)

09:04
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10/18
09:04
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09:04
Upgrade
Xylem rating change  »

Xylem upgraded to Hold…

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  • 30

    Oct

PNFP

Pinnacle Financial

$56.63

1.43 (2.59%)

09:04
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Recommendations
Pinnacle Financial analyst commentary  »

Pinnacle Financial price…

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  • 05

    Nov

  • 26

    Nov

NUE

Nucor

$59.11

0.17 (0.29%)

09:04
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10/18
09:04
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09:04
Earnings
Breaking Earnings news story on Nucor »

Nucor reports Q3 adjusted…

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  • 18

    Oct

NUE

Nucor

$59.11

0.17 (0.29%)

09:03
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10/18
09:03
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09:03
Hot Stocks
Nucor CEO: We are on pace for 2018 to be a record year for earnings »

"The strong…

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  • 18

    Oct

NUE

Nucor

$59.11

0.17 (0.29%)

09:03
10/18/18
10/18
09:03
10/18/18
09:03
Earnings
Nucor expects Q4 earnings to 'decrease across all three operating segments' »

Q4 EPS consensus $2.08.…

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  • 18

    Oct

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