Analysts: Tesla Should Hit Its Gen III Targets and 3 More Research Notes to Look Over
Tesla Motors (NASDAQ:TSLA): Citing Tesla’s Model S success for increased confidence of its ability to hit its Gen III vehicle targets, RW Baird has lifted its price target from $70 to $118 and increased its out-year sales estimates given recent technology and business advancements. It rates the shares at Outperform.
Forest Labs (NYSE:FRX): Shares of Forest Labs will continue to trade on the company’s strong fundamentals following its agreement with Carl Icahn according to Jefferies, though the firm cautions that the pact could deflate expectations for a potential sale in the near-term. The firm has raised its price target from $43 to $48, and keeps a Buy rating on the name.
Qualcomm (NASDAQ:QCOM): Deutsche Banks says its channel checks, conducted after reports said demand for Samsung’s S 4 had slowed, have revealed that Qualcomm’s business continues to do well and that the quarter is tracking at least in-line with guidance. The firm maintains a Buy rating on the stock with a $78 price target.
Prudential (NYSE:PRU): RBC Capital has downgraded Prudential to Outperform from it’s Top Pick list, although it continues to see long-term upside to shares. The firm keeps its price target at $92.
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