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TSLA

Tesla

$188.18

-1.66 (-0.87%)

, VWAGY

Volkswagen

$0.00

(0.00%)

07:38
05/31/19
05/31
07:38
05/31/19
07:38

JMP Securities keeps Outperform rating on Tesla after driving Audi e-tron

After test driving and analyzing the Audi e-tron, which marks Volkswagen's (VWAGY) first fully electric small SUV, JMP Securities analyst Joseph Osha said the test drive left him impressed but he also thinks "VW is late to the EV market and it shows." The e-tron is heavy, "slow by EV standards," and Osha said he thinks the weak range and performance are likely to limit sales for this version of the vehicle. Following the e-tron try-out, Osha reiterated his Outperform rating and $369 price target on Tesla shares, adding that he feels his 90,500 unit target for Tesla's Q2 shipments "is secure" based on early data.

TSLA

Tesla

$188.18

-1.66 (-0.87%)

VWAGY

Volkswagen

$0.00

(0.00%)

  • 11

    Jun

TSLA Tesla
$188.18

-1.66 (-0.87%)

05/21/19
BARD
05/21/19
NO CHANGE
Target $340
BARD
Outperform
Tesla price target lowered to $340 from $400 at Baird
Baird analyst Ben Kallo lowered his price target for Tesla to $340 from $400, saying demand concerns, credibility questions, and messaging/communication have weighed on shares in recent weeks, and thinks it could take several weeks or months for the narrative to shift. Kallo maintained an Outperform rating, saying he continues to believe Tesla is positioned to outperform over the long run, as the company increases profitability, generates free cash flow, and ramps production of innovative products.
05/22/19
SBSH
05/22/19
NO CHANGE
Target $191
SBSH
Sell
Citi cuts Tesla target to $191 from $238, says risk/reward 'negatively skewed'
Citi analyst Itay Michaeli lowered his price target for Tesla to $191 from $238 and maintains a Sell rating on the shares. The stock closed yesterday down 28c to $205.08. Tesla's risk/reward "still appears negatively skewed" despite the recent capital raise and stock pullback, mainly on lingering demand and free cash flow concerns, Michaeli tells investors in a research note. The analyst reduced his reduced estimates for Tesla through 2021 to reflect the recent capital raise and the company's Q1 results.
05/28/19
OPCO
05/28/19
NO CHANGE
Target $437
OPCO
Outperform
Tesla shares 'oversold,' says Oppenheimer
Oppenheimer analyst Colin Rusch notes that Tesla shares have plummeted on concerns such as increased focus on autonomy, China/U.S. trade tensions and price declines for Models S and X suggesting larger demand issues. The analyst remains underwhelmed by competitive vehicles but believes Tesla is testing potential saturation at current volumes. Further, Rusch believes shares are "oversold" but that Tesla will need to show strong sell-through in all key markets while improving gross margin for shares to recover. He reiterates an Outperform rating and $437 price target on the shares.
05/30/19
LEHM
05/30/19
NO CHANGE
Target $150
LEHM
Underweight
Tesla price target lowered to $150 from $192 at Barclays
Barclays analyst Brian Johnson lowered his price target for Tesla to $150 from $192 and reiterates an Underweight rating on the shares. The stock closed yesterday up $1.16 to $189.86. The new price target reflects a higher probability of Tesla "stalling as a niche automaker," Johnson tells investors in a research note. Model 3 demand is "stagnating" in the U.S., the company still doesn't have a path to significant auto profitability and solar storage installations have declined sequentially over the past two quarters, says the analyst. Further, Johnson believes Elon Musk's efforts to "spring excitement" around Tesla's full self-driving capabilities was broadly met with the "appropriate skepticism." The analyst expects more investors to focus on Tesla's near-term fundamentals of demand, profitability, and cash generation.
VWAGY Volkswagen
$0.00

(0.00%)

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.
05/15/19
05/15/19
NO CHANGE

Trump plans to delay imposing tariffs on auto imports, Bloomberg reports
Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Volkswagen (VWAGY) and Tesla (TLSA).
05/15/19
MSCO
05/15/19
NO CHANGE
MSCO
Tariff delay a 'modest positive' for automakers, says Morgan Stanley
Morgan Stanley analyst Michael Zezas called media reports indicating that the U.S. plans to delay auto tariffs by up to 6 months a "modest positive" for the automaking group, stating that extra time somewhat reduces the probability of tariffs going into place but that the core impasse between the U.S. and EU - namely whether or not to include agricultural issues in negotiations - still remains and is the real driver of the tariff tension. The analyst, who noted that the U.S. retains the option to implement tariffs at any point within the 180 day delay, said he still thinks auto tariffs are likely to go into effect later this year. Publicly traded automakers that moved up following the headlines regarding the delay decision include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VWAGY).
05/28/19
JEFF
05/28/19
NO CHANGE
Target $53
JEFF
Buy
Navistar acquisition by Volkswagen remains likely, says Jefferies
Jefferies analyst Stephen Volkmann expects Navistar International (NAV) to issue positive Q2 results and guidance when it reports on June 4. He believes management will focus on positive free cash flow, debt paydown, savings from the Volkswagen (VWAGY) joint venture and market share gains. Further, with Volkswagen re-launching the initial public offering process for Traton, the analyst says the Jefferies European Capital Goods Team issued a report analyzing the IPO and the potential for an acquisition of Navistar. The firm continues to believe an acquisition pf Navistar by Volkswagen is likely, although Volkmann admits the "timing remains uncertain." He keeps a Buy rating on Navistar with a $53 price target. The analyst believes his $53 price target "appears to be a price which would work for both buyer and seller."

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Essex Property Trust

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RFP

Resolute Forest

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DLAKY

Lufthansa

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ACCYY

Accor

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SNY

Sanofi

$42.65

0.19 (0.45%)

05:01
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  • 26

    Jun

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AXELF

Axel Springer

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OTSKY

Otsuka

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LEN

Lennar

$53.01

-0.54 (-1.01%)

04:56
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KBH

KB Home

$26.21

-0.24 (-0.91%)

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VZ

Verizon

$57.63

-0.65 (-1.12%)

04:55
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Conference/Events
Verizon to host sell side analyst meeting »

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CVS

CVS Health

$54.52

0.34 (0.63%)

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ARWR

Arrowhead

$26.43

0.62 (2.40%)

04:55
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  • 18

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HRB

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  • 18

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GIII

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DEI

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BCOR

Blucora

$30.77

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  • 18

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KFY

Korn/Ferry

$45.71

-1.38 (-2.93%)

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  • 18

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STL

Sterling Bancorp

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