Tesla: price target raised to 775 dollars by Jefferies
(CercleFinance.com) - Jefferies analysts raised their target price for Tesla shares from 650 dollars to 775 dollars on Tuesday.
The broker - which has a "hold" rating on the stock - said that it has raised its earnings forecasts for the electric car maker ahead of the fourth-quarter results on 27 January
"Tesla continues, in our view, to lead industry change in terms of technology
and business model,", Jefferies said in a note to clients.
However, the broker warned that improved access to capital may turn Chinese electric vehicle manufacturers into more significant challengers than traditional legacy carmakers.
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