Morgan Stanley has some credibility issues this morning. Back in March the company was wildly bullish on shares on Tesla (TSLA) and set a base price target of $70/share with the potential for a $135 price as a best case scenario target. They were convinced that electric cars would make up a significant minority of light vehicle sales in the medium term and a majority in the longer term. They mentioned the potential for Tesla … Read the rest
Tag Archives: morgan stanley
Morgan Stanley Fuels Tesla (TSLA) Short Squeeze With Bullish Report
Morgan Stanley issued an extremely bullish report on Tesla (TSLA) this morning which sent shorts scrambling for cover and the stock soaring out of consolidation, up nearly 20% as I write this. The firm upgraded TSLA to Overweight and set a base price target of $70 which is nearly triple what the stock was trading at before the report was issued.
==> Click Here For Your FREE Daily Tesla Analysis
Here are some highlights of … Read the rest
Today’s Analyst Ratings Roundup: FSLR, AONE, WPRT
Just a few analyst rating changes/price target adjustments today.
Morgan Stanley has cut the price target on First Solar (FSLR) from $160 to $145 this morning, but maintains its Overweight rating. This follows price cuts from Citi and Hapoalim yesterday. Shares are holding up well today, up about 2% and continue to hold the key $100 level. Click Here For Your FREE First Solar Analysis
Macquarie initiated coverage on Westport Innovations (WPRT) with a Buy … Read the rest
Analysts On Solar – CSIQ, FSLR, WFR
A few noteworthy analysts comments and rating changes in the solar space today…
Soleil Securities reiterated its Sell rating on First Solar (FSLR) but back pedaled a bit saying they are raising their estimates and wouldn’t be short heading into earnings. They still have a sub $100 price target. How’s that for conviction. Shares of FSLR were initially positive this morning, but are now trading down fractionally. Get your FSLR Trend Analysis.
Morgan Stanley … Read the rest
ReneSola (SOL) Surging 10% PreMarket On Morgan Stanley Upgrade
Shares of ReneSola (SOL) will finally surge above resistance of the 200 day moving average this morning after Morgan Stanley came out and upgraded the stock from Equalweight to Overweight and tripled the price target from $2.30 to $6.60.… Read the rest
Morgan Stanley, BofA, Deutsche Bank Initiate Coverage On A123 Systems (AONE)
The coverage is beginning to come out on A123 Systems (AONE) and the first round is generally positive with some bullish comments coming out of Deutsche Bank.
Bank of America initiates with a Hold rating and $17 price target.
Morgan Stanley has initiated coverage an Equalweight which I assume is similar to a Hold rating.
Deutsche Bank initiates coverage with a Hold rating and price target of $17.
Hat tip to StreetInsider.com for the following … Read the rest