Tesla: Jefferies confirms 'buy' rating
(CercleFinance.com) - An analyst at Jefferies confirms his “buy” rating on the Tesla stock on Friday, saying worries regarding demand are "exaggerated" and that industrial efficiency is improving.
That being said, the broker is cutting its auto margin estimates for the prior year because of the S/X model pricing and the slight decline in units. It still considers Tesla's technology is of significant value, with increasingly affordable prices.
Jefferies hence confirms its target price of 300 dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
That being said, the broker is cutting its auto margin estimates for the prior year because of the S/X model pricing and the slight decline in units. It still considers Tesla's technology is of significant value, with increasingly affordable prices.
Jefferies hence confirms its target price of 300 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.