Tesla Motors (NASDAQ:TSLA): Global Equities has initiated coverage on Tesla with an Overweight rating, justified in part by its belief that Tesla is creating a new industry called Transport-as-a-Service, which it estimates could reach $100 billion in market value, with Tesla capturing a 60 percent share. It puts a $150 price target on the shares.
Time Warner Cable (NYSE:TWC): Raymond James has downgraded shares of Time Warner Cable to Market Perform from Outperform, citing recent share strength based on M&A speculation. The firm believes that the conjecture is unlikely to materialize.
Walter Energy (NYSE:WLT): Citigroup believes that the company has sufficient resources to repay $87 million of debt maturities in 2014, but not the $523 million in 2015, after the Walter withdrew from a proposed $1.55 billion term-loan refinancing. With no successful refinancing, Citi expects Walter to be able to renegotiate its existing covenants with higher rates. The firm has a Buy rating on the stock with a $29 price target.
Ross Stores (NASDAQ:ROST): Morgan Stanley recommends picking up Ross positions on pullbacks, as the firm believes that its top-line momentum and peak margins are sustainable and that the provided guidance is beatable. It keeps an Equal Weight rating on the shares.
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