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TROW

T. Rowe Price

$106.15

-0.54 (-0.51%)

, TSLA

Tesla

$271.12

-1.38 (-0.51%)

06:08
04/18/19
04/18
06:08
04/18/19
06:08

T. Rowe Price funds cut Tesla holdings in Q1, Reuters reports

T. Rowe Price (TROW) funds cut Tesla (TSLA) holdings in Q1 as the institutional investor continued to slash positions in the electric vehicle firm, Reuters' Alexandria Sage and Trevor Hunnicutt report, citing Refinitiv data. T. Rowe, which has been one of the largest investors in the automaker, sold off 92% of its prior holdings in Tesla during the quarter. Reference Link

TROW

T. Rowe Price

$106.15

-0.54 (-0.51%)

TSLA

Tesla

$271.12

-1.38 (-0.51%)

  • 22

    Apr

  • 24

    Apr

  • 25

    Apr

TROW T. Rowe Price
$106.15

-0.54 (-0.51%)

01/14/19
SBSH
01/14/19
NO CHANGE
SBSH
Citi gets more defensive on Brokers & Asset Managers, downgrades five
Citi analyst Citi analyst William Katz is taking a more defense stance on the traditional Brokers & Asset Managers to reflect what he sees as "weak" fundamentals and "still elevated" consensus estimates. The analyst reduced his target multiples across the group and downgraded Affiliated Managers (AMG) and Brightsphere Investment Group (BSIG) to Neutral from Buy as well as Artisan Partners (APAM), Waddell & Reed (WDR) and Franklin Resources (BEN) to Sell from Neutral. Katz calls Och-Ziff Capital (OZM) and LPL Financial (LPLA) his top ideas and also opened a "30 Day Positive Catalyst Watch" for Carlyle Group (CG) and Legg Mason (LM). The analyst recommends pair trades of Overweight AllianceBernstein (AB), underweight Artisan Partners (APAM), and overweight BlackRock (BLK), underweight T. Rowe Price (TROW).
01/31/19
EVER
01/31/19
UPGRADE
EVER
Outperform
T. Rowe Price upgraded to Outperform from In Line at Evercore ISI
02/27/19
FBCO
02/27/19
NO CHANGE
Target $121
FBCO
Outperform
T. Rowe Price price target raised to $121 from $107 at Credit Suisse
Credit Suisse analyst Craig Siegenthaler raised his price target for T. Rowe Price to $121 from $107 after attending the company's 3rd Annual Investor Day. The analyst believes T. Rowe Price's investments in product, distribution and vehicles, when combined with its strong investment performance and attractively priced offerings, will all help the firm to continue to generate organic growth that is 300-400bps faster than peers. Additionally, Siegenthaler looks for expense growth to continue to decline as the pace of its investments decelerate with 4%-7% growth in 2019 comparing to 9% in 2018 and 12% in 2017. He reiterates an Outperform rating on the shares.
04/01/19
JEFF
04/01/19
NO CHANGE
Target $119
JEFF
Buy
T. Rowe Price price target raised to $119 from $103 at Jefferies
Jefferies analyst Daniel Fannon raised his price target for T. Rowe Price to $119 from $103 and keeps a Buy rating on the shares after spending time with management. With normal seasonality as a tailwind, T. Rowe appears on track to generate industry leading organic growth in Q1, Fannon tells investors in a research note. The company's "differentiated investment performance across all relevant time periods continues to distinguish it from the peer group," adds the analyst.
TSLA Tesla
$271.12

-1.38 (-0.51%)

04/09/19
LEHM
04/09/19
NO CHANGE
Target $192
LEHM
Underweight
Tesla's Q1 deliveries suggest 'demand cliff was real', says Barclays
Barclays analyst Brian Johnson kept his Underweight rating and $192 price target on Tesla, saying the company's Q1 deliveries reported last week suggests that the quarter will be "even tougher" than his below consensus view. The analyst notes that the price cuts announced in February reflects the view that the "demand cliff was real", and sees the deliveries print implying "further downside", particularly because of the shortfall in Model S and X vehicles. Johnson adds that a "meaningful rebound is unlikely", adding to Tesla's volume risks "at least until China production starts".
04/10/19
04/10/19
INITIATION

Fly Intel: 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 a Neutral at Nomura Instinet. 2. Community Healthcare (CHCT) initiated with an Outperform at Baird. 3. Community Bank System (CBU) initiated with an Equal Weight at Stephens. 4. Fox Corp re-initiated with a Market Perform at BMO Capital. 5. Wendy's (WEN) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/19
ROTH
04/11/19
NO CHANGE
Target $240
ROTH
Neutral
Tesla price target lowered to $240 from $270 at Roth Capital
Roth Capital analyst Craig Irwin lowered his price target for Tesla (TSLA) to $240 from $270, while reiterating a Neutral rating on the shares. The analyst believes the direct read on Panasonic (PCRFY)/Tesla suspending plans for Gigafactory expansion is the partners probably do not see Tesla achieving projected sales volumes, and therefore necessary battery demand. The analyst thinks Tesla's battery costs are too high, with METI data pointing to Tesla's cell costs at around $240/kWh, while his checks show VW (VWAGY)/Porsche paying $250/kWh, indicating Tesla has no advantage here. Overall, Irwin believes Tesla's vehicle sales are slow because costs are simply too high for consumers.
04/16/19
OPCO
04/16/19
NO CHANGE
Target $437
OPCO
Outperform
Tesla's story undergoing yet another 'significant' shift, says Oppenheimer
Oppenheimer analyst Colin Rusch believes Tesla's story is undergoing "yet another significant shift." Beyond Model 3 demand and cost reduction driving operating cash flow, the analyst thinks the Model S and X refresh cycle and pricing strategy are in focus for short-term investors while the longer-term story is increasingly weighted to China sell-through. Important in the Model S transition is that it remains Tesla's highest margin product and provides some cover for lower margins on Model X and Model 3, he contends, adding that any reduced volume on that vehicle will be a headwind for Tesla's margins. Rusch is lowering Model S and X deliveries in his 2019 estimates and lowering margins looking for incremental information on production cadence. He reiterates an Outperform rating and a $437 price target on the shares.

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MGM

MGM Resorts

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MasterCard

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Visa

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GOOG

Alphabet

$1,132.99

-7.56 (-0.66%)

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MSFT

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AMBA

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UBER

Uber

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APTO

Aptose Biosciences

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TRNX

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USEG

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AAPL

Apple

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USEG

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MYOV

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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AVH

Avianca

$3.96

0.91 (29.84%)

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
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  • 03

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SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
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  • 13

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CREG

China Recycling Energy

$0.48

0.005 (1.05%)

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FENC

Fennec

$3.88

(0.00%)

16:36
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16:36
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Fennec management to meet with Wedbush »

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  • 29

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
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16:35
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Breaking Syndicate news story on Toronto-Dominion »

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16:30
05/24/19
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16:30
05/24/19
16:30
Options
Preliminary option volume of 15.7M today »

Preliminary option volume…

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