Tesla: Jefferies reduces target price
(CercleFinance.com) - Jefferies reinstates its "buy" rating on Tesla shares, although has reduced its target price for them to 1050 dollars (from 1250 dollars), having reduced its estimates for FY 2022, although increasing its 2022-24 cumulative EBIT estimates by 14%.
"Long-held fears of disruption from inside have come true, raising Tesla's risk profile while operating performance continues to set transformative new standards of returns and resource efficiency," the broker says.
The upmarket car maker's share is up just over 1% at about 667 dollars in pre-market trading today.
Copyright (c) 2022 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.
"Long-held fears of disruption from inside have come true, raising Tesla's risk profile while operating performance continues to set transformative new standards of returns and resource efficiency," the broker says.
The upmarket car maker's share is up just over 1% at about 667 dollars in pre-market trading today.
Copyright (c) 2022 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.