Analysts: Tesla’s Price Adjustments are Positive and 3 More Research Notes to Check Out
Tesla Motors (NASDAQ:TSLA): Jefferies points out that Tesla adjusted the pricing and options on its Model S late on Friday, which the firm believes should help distinguish between more and less price-sensitive buyers and improve margins. Jefferies says one of the adjustments includes the HD backup camera and Xenon headlights that are becoming standard on all vehicles as opposed to being part of a $3,750 Tech Package. The firm has a Buy rating on Tesla shares.
Forest Oil (NYSE:FST): Following the resignation of Forest Oil’s chief financial officer to pursue other opportunities, Wells Fargo believes that the move looks bad, since the Street is focused on the company’s ongoing Panhandle process. The firm expects the stock to be weak on Monday but predicts the transition to a new CFO will be “relatively smooth.” It keeps an Outperform rating on the shares.
Yelp (NYSE:YELP): MKM Partners has raised its price target for Yelp to $71, citing higher margin assumptions. The firm keeps a Buy rating on the name and said it sees no reason to sell the stock following the recent rally.
Skechers (NYSE:SKX): Susquehanna has raised its price target on Skechers given its recent strength across multiple categories and its potential to see high double-digit operating margins by 2015. The shares are Positive rated.
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