Analysts: Tesla Must Live Up to New Valuation and 3 More Research Notes to Read
Tesla Motors (NASDAQ:TSLA): Following the company’s stronger than expected results, Pacific Crest finds that the company’s execution will have to be “superb” over the longer-term to justify its current valuation. The firm maintains a Sector Perform on the shares.
Rackspace (NYSE:RAX): JMP Securities believes that the weakness created by the soft Q1 results create a buying opportunity, as much of the miss was caused by a poorly executed sales reorganization which the company is now taking steps to rectify. Customers remain attracted to the company’s offerings according to the firm, which maintains an Outperform rating on the shares.
Oriental Financial (NYSE:OFG): Sterne Agee finds that the acquisition of the Puerto Rico operations of Banco Bilbao will allow Oriental’s earnings to grow considerably, and believes that the company’s multiple has room to expand. It keeps a Buy rating on its shares.
Don’t Miss: Can GM’s In-Car Advertising Bring in Big Bucks?