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TSLA

Tesla

$260.41

-4.17 (-1.58%)

16:28
03/25/19
03/25
16:28
03/25/19
16:28

California judge dismisses securities fraud case against Tesla, Reuters reports

A federal judge in San Francisco threw out for the second time a securities fraud lawsuit brought by Tesla investors claiming that the car maker made misleading remarks about the production status of its Model 3, Reuters reports. U.S. District Judge Charles Breyer sided with the company, granted it dismissal of the lawsuit brought two years ago, the report says. Breyer dismissed the original suit in August but let plaintiffs file an amended suit, the report notes. Reference Link

TSLA Tesla
$260.41

-4.17 (-1.58%)

03/25/19
BARD
03/25/19
NO CHANGE
Target $65
BARD
Outperform
Carvana price target raised to $65 from $58 at Baird
Baird analyst Colin Sebastian raised his price target for Carvana (CVNA) to $65 from $58 after increasing his Q1 unit and revenue estimates above consensus. The analyst now expects Q1 retail units of 34,000, above the consensus of 32,900, on revenue of $678M, up 88% year-over-year. Tax refund flows are likely to provide a late-quarter tailwind, Sebastian tells investors in a research note. The correlation between refunds and used car sales is likely providing a boost in unit sales ahead of the Q1 quarter close, Sebastian tells investors in a research note. Further, he believes the online shift by CarMax (KMX) and Tesla (TSLA) are endorsements of the e-commerce model. The analyst remains constructive on Carvana shares citing the momentum from a seasonal uplift in car sales, positive near-term data checks, and the "massive" long-term e-commerce opportunity for used cars. He keeps an Outperform rating on Carvana.
03/25/19
LEHM
03/25/19
NO CHANGE
LEHM
Underweight
Tesla's 'conflicting' guidance has parallel universes, says Barclays
The parallel universe theory may explain Tesla's "conflicting guidance," Barclays analyst Brian Johnson tells investors in a research note titled "Parallel universes of 'guidance.'" The analyst sees "at least two, possibly three," parallel universes issuing from Tesla and its CEO Elon Musk, with a wide range of implied revenue guidance. In the first universe, the universe of regulatory filings with lawyer vetted statements, Tesla is guiding towards annual deliveries of 360,000 to 400,000 total units, Johnson writes. In the second universe, which includes Musk's oral comments, tweets and court filings, the delivery guidance is 420,000 to 600,000 vehicles, adds the analyst. The difference between the two universes is up to $10B of revenue or $8B of inventory build, Johnson contends. He keeps an Underweight rating on Tesla with a $192 price target. The stock closed Friday down $9.49 to $264.53.
03/25/19
JMPS
03/25/19
NO CHANGE
Target $394
JMPS
Outperform
Tesla price target lowered to $394 from $406 at JMP Securities
JMP Securities analyst Joseph Osha reduced his 2019 and 2020 estimates for Tesla reflect continued weakness in the U.S. market as well as a partial retreat from the earlier plan to shut the dealership network down. However, he has not adjusted his unit delivery, revenue, or gross margin assumptions for 2020 and said he is still a buyer of the stock given his view that the company's current challenges do not change the underlying competitive story. Osha lowered his price target on Tesla shares to $394 from $406 but keeps an Outperform rating on the stock.
03/25/19
RBCM
03/25/19
NO CHANGE
Target $210
RBCM
Underperform
Tesla price target lowered to $210 from $245 at RBC Capital
RBC Capital analyst Joseph Spak lowered his price target on Tesla to $210 and kept his Underperform rating ahead of its Q1 deliveries report expected in early April. The analyst cites "meager demand and some M3 delivery issues abroad", revising his Q1 outlook to 52.5K Tesla Model 3 deliveries from his 57K prior outlook and the consensus view of 58.4K. Spak adds that he anticipates Tesla's lower pricing to weigh on margins for the company, and he lowers his FY19 EPS view to (33c) from $4.43 and FY20 view to $1.70 from $5.71.

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IFF

International Flavors

$142.03

0.21 (0.15%)

, DD

DuPont

$63.60

1.6 (2.58%)

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International Flavors in talks to buy DuPont nutrition unit, Bloomberg reports »

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IFF

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0.21 (0.15%)

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DuPont

$63.60

1.6 (2.58%)

KRYAY

Kerry Group

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China Tower

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13:40
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Upgrade
China Tower rating change  »

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PRNB

Principia Biopharma

$37.30

0.86 (2.36%)

13:37
12/08/19
12/08
13:37
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13:37
Recommendations
Principia Biopharma analyst commentary  »

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DY

Dycom

$50.93

0.495 (0.98%)

12:48
12/08/19
12/08
12:48
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12:48
Syndicate
Dycom withdraws senior notes offering due to market conditions »

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  • 11

    Dec

IMV

IMV Inc.

$2.92

0.07 (2.46%)

12:30
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Hot Stocks
IMV announces updated results from Phase 2 study of DPX-Survivac »

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KURA

Kura Oncology

$15.67

0.48 (3.16%)

12:27
12/08/19
12/08
12:27
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12:27
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Kura Oncology announces updates for lead drug candidate tipifarnib »

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  • 08

    Dec

PTLA

Portola Pharmaceuticals

$29.22

0.86 (3.03%)

12:24
12/08/19
12/08
12:24
12/08/19
12:24
Hot Stocks
Portola presents interim results from Phase 2a study of cerdulatinib »

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  • 08

    Dec

11:25
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11:25
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11:25
Conference/Events
Piper Jaffray biotech analysts to hold a KOL luncheon »

Biotech Analysts hold a…

FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

10:49
12/08/19
12/08
10:49
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10:49
Hot Stocks
Fate Therapeutics announces vivo preclinical data for FT596 »

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STOK

Stoke Therapeutics

$28.91

3.99 (16.01%)

10:04
12/08/19
12/08
10:04
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10:04
Hot Stocks
Stoke Therapeutics presents STK-001 preclinical data in Dravet syndrome »

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AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

09:25
12/08/19
12/08
09:25
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09:25
Hot Stocks
Autolus announces new data highlighting progress on AUTO3 »

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  • 09

    Dec

AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

09:22
12/08/19
12/08
09:22
12/08/19
09:22
Hot Stocks
Agios says proof-of-concept has been established for mitapivat »

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  • 09

    Dec

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    Dec

ZIOP

Ziopharm

$5.16

0.06 (1.18%)

09:20
12/08/19
12/08
09:20
12/08/19
09:20
Hot Stocks
Ziopharm reports pre-clinical data of Rapid Personalized Manufacture »

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  • 08

    Dec

TGTX

TG Therapeutics

$7.11

-0.57 (-7.42%)

09:18
12/08/19
12/08
09:18
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09:18
Hot Stocks
TG Therapeutics reports triple therapy data from Phase I/II study of ublitux »

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  • 09

    Dec

KPTI

Karyopharm

$16.30

-1.15 (-6.59%)

09:16
12/08/19
12/08
09:16
12/08/19
09:16
Hot Stocks
Karyopharm says four posters will be presented at ASH »

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IPHA

Innate Pharma

$6.30

(0.00%)

09:13
12/08/19
12/08
09:13
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09:13
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Innate Pharma reports long-term data from Phase III trial of Lumoxiti »

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REGN

Regeneron

$372.26

4.02 (1.09%)

09:11
12/08/19
12/08
09:11
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09:11
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Regeneron reports initial data for REGN5458 in myeloma patients »

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  • 08

    Dec

BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

09:09
12/08/19
12/08
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Blueprint reports 77% overall response rate in 48 patients from Explorer trial »

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  • 08

    Dec

BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

09:06
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12/08
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Blueprint announces initial data from Phase 2 Pioneer trial in mastocytosis »

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  • 08

    Dec

PCG

PG&E

$9.65

-0.13 (-1.33%)

08:12
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12/08
08:12
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08:12
Periodicals
PG&E settlement threatens bondholders plan, WSJ reports »

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  • 07

    Jan

SYRS

Syros Pharmaceuticals

$4.60

-0.02 (-0.43%)

08:08
12/08/19
12/08
08:08
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08:08
Hot Stocks
Syros announces fetal hemoglobin repressor using gene control platform »

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  • 08

    Dec

ABBV

AbbVie

$86.97

0.3 (0.35%)

08:06
12/08/19
12/08
08:06
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08:06
Hot Stocks
AbbVie says post-hoc analysis supports benefit of venetoclax in combination »

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RHHBY

Roche

$0.00

(0.00%)

08:03
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12/08
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Genentech reports data from two Phase III Venclexta studies in leukemia »

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  • 09

    Dec

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    Dec

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    Dec

  • 16

    Dec

ORTX

Orchard Therapeutics

$11.85

0.37 (3.22%)

07:59
12/08/19
12/08
07:59
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07:59
Hot Stocks
Orchard to present data from multiple programs at ASH meeting »

Orchard Therapeutics said…

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SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

06:55
12/08/19
12/08
06:55
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06:55
Conference/Events
Sierra Oncology to hold an analyst and investor event »

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  • 08

    Dec

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