Accueil > Actualité
Actualite financiere : Actualite bourse

Tesla: New Street Research downgrades to 'neutral'

( - New Street Research on Thursday downgraded its rating on the Tesla stock from "buy" to "neutral," with a target price of 1,500 dollars, saying that near-term catalysts have now become limited.

In a note to clients, the independent research house said it sees no catalyst taking the stock "to the next level" on a one-year horizon.

"The primary drivers of our thesis are volume growth and gross margin expansion, and they will play out progressively over the next 5 years," analyst Pierre Ferragu said.

New Street said it is not yet factoring in potential upsides, such as an inflection point in automated driving, or the energy storage opportunity.

Copyright (c) 2020 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.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.