Analysts: Tesla Crash Tests Prove Engineering Capability and 3 More Research Notes to Look Over
Tesla Motors (NASDAQ:TSLA): Deutsche Bank points out that Tesla’s Model S received a 5-star rating in all three National Highway Traffic Safety Administration tests, the highest rating possible. The firm said it only found seven other vehicles that achieved all 5-star ratings under the new testing criteria that began in 2011, and it views the ratings as another testament to Tesla’s engineering capability. It keeps a Buy rating on the stock.
St. Jude Medical (NYSE:STJ): Wells Fargo has upgraded St. Jude Medical to Outperform from Market Perform, citing valuation and expectations that CardioMEMS is likely to be approved in the U.S. The firm also raised its price target range for shares to $61-$62 from $52-$53.
Priceline.com (NASDAQ:PCLN): Deutsche Bank has raised its price target for Priceline.com shares to $1,120 from $980 following the company’s better-than-expected second-quarter results. The firm keeps a Buy rating on the stock.
Deere & Co. (NYSE:DE): UBS downgraded Deere to Sell from Neutral based on expectations that continued lower corn prices will pressure agricultural equipment demand in 2014. The price target has been lowered to $72 from $96.
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