Tesla Shares Soar with DB Upgrade and 2 More Heavily Traded Stocks to Follow
Tesla Motors Inc. (NASDAQ:TSLA): Closing price $129.12
Shares are up over 4 percent near the Friday close, after analyst Dan Galves at Deutsche Bank upgraded the stock from Hold to Buy, saying the electric car manufacturer “has taken a very large step ahead of the competition.” Galves also took his price target to another dimension, from $50 to $160 per share, saying that he believes the stock could more than double in three or four years time, and praised the design of Tesla’s cars. The analyst wrote that Tesla has mostly gotten rid of problems with the range of its cars, and is reducing the costs of its batteries.
Broadcom Corp. (NASDAQ:BRCM): Current price $27.37
Braodcom announces that it will present at the following third quarter 2013 conferences: Pacific Crest 15th Annual Global Technology Leadership Forum on Tuesday, August 13 at the Sonnenalp Resort in Vail, Colorado, with the presentation starting at 10:00 a.m. Mountain Time; Citi 2013 Global Technology Conference on Wednesday, September 4 at the Hilton New York Hotel in New York, beginning at 2:20 p.m. Eastern Time; and the Deutsche Bank dbAccess Technology Conference on Tuesday, September at the Cosmopolitan Hotel in Las Vegas – Broadcom’s presentation begins at 10:20 a.m. Pacific Time.
Dell Inc. (NASDAQ:DELL): Current price $12.93
The South Texas community college Victoria College is turning to Dell to modernize its virtual storage environment and computer resources. To deal with capacity constraints on its former EMC storage area network, the college migrated to a more flexible and cost-effective Dell Compellent storage solution, which lowers data center costs using a three-fold improvement in storage utilization. The school has depended on Dell for 15 years for much of its tech infrastructure to provide students and teachers with a seamless and dependable learning environment.
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