Tesla Model S
Morgan Stanley is out with a fresh analysis of Tesla Motors and analyst Adam Jones is raising its price target considerably for the electric car manufacturer.
The share is expected to reach $ 465, up from the previous price target of $ 280.
This is the highest target price among brokerage firms on Wall Street, notes The Fly. Target price can be compared to Friday’s closing price was $ 243.15.
Morgan Stanley stands solidly at the recommendation of obesity.
To note here is that Morgan Stanley, along with Goldman Sachs, is bookrunners and thus have the main responsibility for the new issue of $ 642 million that was announced last week. Several other big banks are having to bring the issue of the port, including JP Morgan, Deutsche Bank, BofA Merrill Lynch and Wells Fargo. The issue price is $ 242.
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