Analysts: Tesla Could Hit $300 at Capacity and 3 More Research Notes to Read Through
Tesla Motors (NASDAQ:TSLA): Dougherty believes Tesla is executing to plan and that visibility has increased. The firm raised its price target to $200 from $90 based on Tesla’s third-generation potential and believes shares could be $300 at the factory’s maximum capacity.
PhotoMedex (NASDAQ:PHMD): Maxim recommends buying shares of PhotoMedex following its acquisition of a Brazilian distributor to launch no!no! consumer sales and notes that expansion to Brazil could be a “game changer.” It reiterates a Buy rating on the stock.
Wells Fargo (NYSE:WFC): Argus says that shares are vulnerable, as Wells Fargo’s stock is now trading at two times book value, and the firm questions the sustainability of recent home price gains that have fueled the stock’s recent gains. The firm also points out that the bank’s revenue was essentially flat year-over-year in the second quarter, and it reiterates a Sell rating on the shares.
Pier 1 Imports (NYSE:PIR): Argus has upgraded Pier 1 to Buy from Hold after the firm’s research indicated CEO Alexander Smith will continue to drive profitability and sales, as well as drive shareholder value through buybacks and increasing the dividend. The price target is set for $27.