Analysts: Tesla’s Safety Rating Is Another Positive and 3 More Research Notes to Look Over
Tesla Motors (NASDAQ:TSLA): Tesla achieved an overall combined vehicle safety rating of 5.4 stars by the National Highway Traffic Safety Administration on Monday, which Dougherty says is the best safety rating of any car, ever, and impressive on all fronts. The analyst said the strong results are another demand driver and “absolutely” supports the firm’s long-term thesis and Buy rating.
Facebook (NASDAQ:FB): Janney Capital has initiated Facebook with a Buy rating and $50 price target, as the analyst expects Facebook to benefit from the secular move to mobile advertising, the secular shift towards Prime Time advertising dollars as it works with TV networks, payment catalysts, pricing leverage, and integration with traditional ad systems and measurements.
Urban Outfitters (NASDAQ:URBN): After Urban Outfitters reported higher than expected EPS, Stifel expects customers to continue to respond favorably to the company’s merchandise. The firm remains upbeat on the company’s longer term outlook and keeps a Buy rating on the shares.
Wal-Mart (NYSE:WMT): Susquehanna has downgraded Wal-Mart to Neutral from Positive given that the firm expects the sales environment to remain challenging given increased pressure on the mid-low-end consumer, subdued food inflation, lower NRF forecasts for back-to-school spending, and reduced selling days in the holiday season. The price target has been lowered to $79 from $85.