Tesla Motors TSLA Price target upgraded
DayTradersGroup News - March 17, 2013 New York, NY
If you missed our top trade alert today we bought tesla stock options at 4.50 ea and took gains at 6.50 ea just 2 hours later for a very nice low risk high reward trade.
Tesla Motors Inc. TSLA +2.44% is on track to meet its 2014 delivery guidance of 35,000 Model S vehicles, analysts at Robert W. Baird & Co. said in a note to clients Monday. The company continues to see progress in streamlining its supply chain and ramping production, they added. The analysts, led by Ben Kallo, increased their price target on Tesla stock to $275 from $245, and reiterated their 'outperform' rating. Shares of Tesla were up 1.1% on Monday, and have gained 559% in the past 12 months.
The level of market turbulence on Monday depends on how punitive the sanctions against Russia are, and whether Russian President Vladimir Putin responds with diplomacy or opts to retaliate with economic weapons of its own, says Joe Quinlan, chief market strategist at U.S. Trust.
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