Analysts: Tesla Expected to Beat Third-Quarter Margins and 3 Other Research Notes to Explore
Tesla Motors (NASDAQ:TSLA): Deutsche Bank raised its price target for Tesla shares from $160 to $200 on expectations that the company is on track to modestly beat third-quarter margin expectations as demand in the U.S. and Europe has continued to grow. Deutsche sees a favorable setup for shares through at least the end of 2013, and the firm keeps a Buy rating on the stock.
Dick’s Sporting Goods (NYSE:DKS): Citigroup raised its price target for Dick’s Sporting from $54 to $63 following the company’s investor day. Citi sees upside to the stock through the rest of the year on improving trends, and the firm reiterates a Buy rating on the stock.
FedEx (NYSE:FDX): Goldman downgraded FedEx to Neutral from Buy, citing balanced risk/reward following recent share strength. The shares’ price target has been raised to $116 from $112.
Oracle (NASDAQ:ORCL): William Blair sees an “upward battle” for Oracle as it changes its business model to one based on cloud subscriptions; the firm has a Market Perform rating.