-
China To Shift From Auto Importer To Exporter, Says Morgan Stanley Analyst After Recent Tesla Price Cut
Friday, August 18, 2023 - 12:46am | 507Read More...Morgan Stanley analyst Adam Jonas on Wednesday shed light on Tesla‘s (NASDAQ:TSLA) recent price cuts in China and the trends impacting the Chinese EV market. The Tesla Analyst: Jonas maintained an ‘equal-weight' rating on Tesla with a price target of $250. The Changing...
-
Tesla Drops To Print This Bullish Pattern: Here's What Could Happen If It Holds
Tuesday, March 7, 2023 - 12:54pm | 509Read More...Tesla, Inc (NASDAQ: TSLA) gapped down to open Tuesday’s trading session, and continued to fall after the open before bouncing up to near flat. The EV giant is suffering increased competition with legacy automakers rolling out more electric versions of their gas-powered vehicles...
-
Why Tesla's Valuation Means The Story Is No Longer About The Model 3
Monday, June 12, 2017 - 10:38am | 433Read More...As Tesla Inc (NASDAQ: TSLA) continues to surge, Morgan Stanley analyst Adam Jones reexamined his valuation for the automaker company. Jones ended up raising his bear case to $175 (from $50) and reiterated his $511 price target for his bull case. Notable Takeaways Jones does not believe...
-
Lear Shares Downgraded To Underweight Amid Weaker-Than-Expected US Auto Sales Forecast
Thursday, June 8, 2017 - 12:05pm | 392Read More...Lear Corporation (NYSE: LEA) was downgraded by Morgan Stanley analyst Adam Jones from Equal Weight to Underweight, with a price target reduction of about 10 percent to $134. The analyst’s 2017 EPS remained unchanged, but EPS estimates for 2018 through 2021 were increasingly decreased by 7...
-
Tesla And The Auto Market's New 'Big Three'
Friday, April 14, 2017 - 9:30am | 466Read More...Yes, Tesla Inc (NASDAQ: TSLA) surpassed Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) in value last week. The Silicon Valley company market cap stands at $47 billion as of Thursday's close, slightly under GM ($50 billion) while boasting a sizable lead over Ford ($44 billion...
-
Mobileye Outlook Cut At Morgan Stanley, But Firm Still Sees 40% Upside
Thursday, March 10, 2016 - 12:31pm | 231Read More...Morgan Stanley’s Adam Jones maintained an Overweight rating for Mobileye NV (NYSE: MBLY), while reducing the price target from $57 to $48. While the bear case remains unchanged at $20, the bull case has been reduced from $90 to $80. The downward revision in valuation reflects “a...
-
Morgan Stanley Analyst Explains Tesla's Price Target Cut
Thursday, January 22, 2015 - 4:20pm | 380Read More...Adam Jones, analyst at Morgan Stanley, released a cautious note to investors Wednesday in which he reduced the price target on Tesla Motors Inc (NASDAQ: TSLA) to $280. However, he reiterated his firm’s Overweight rating on the stock. Jones was on CNBC to explain the reasons for the...
-
Morgan Stanley: Hertz's New CEO Hire An 'Important Milestone To Let The Healing Begin'
Monday, November 24, 2014 - 9:57am | 209Read More...Hertz Global Holdings, Inc. (NYSE: HTZ) announced last week that it has appointed John P. Tague as president and chief executive officer. In a press release, Hertz stated that "Mr. Tague is a travel and transportation industry veteran who has delivered demonstrable results in revenue...
-
Morgan Stanley On Tesla's Doors & The Model X Launch Delay
Tuesday, November 18, 2014 - 9:41am | 299Read More...On Monday, analysts at Morgan Stanley commented on Tesla Motors Inc (NASDAQ: TSLA). Given that Tesla has further delayed the launch of the Model X, Adam Jones believes Tesla may be having difficulty with its double hinged doors. Jones wrote, "While the blogs have been full of rumors...
-
Morgan Stanley Sees 'Biggest Drop In History' For Used-Car Prices
Tuesday, October 14, 2014 - 3:43pm | 326Read More...Here's another crisis to worry about: the biggest price drop for used cars in history. If the prediction pans out, it could do serious damage to new-car pricing, the automobile finance sector and the asset-backed securities market, Morgan Stanley's Adam Jones said in a note Tuesday....
-
Morgan Stanley Lowers Price Target On Ford Motor Company Over F-150 Concerns
Wednesday, October 8, 2014 - 8:41am | 189Read More...Morgan Stanley lowered its price target from $16 to $14 on Ford Motor Company (NYSE: F) on Wednesday and maintained its Underweight rating. Analysts led by Adam Jonas expressed the "view that Ford's F-150 truck changeover is unlikely to go as smooth as investor's anticipate,...
-
Morgan Stanley Lowers General Motors Company Price Target, Reduces Estimates
Tuesday, October 7, 2014 - 9:06am | 173Read More...Morgan Stanley on Tuesday lowered the price target on shares of General Motors Company (NYSE: GM) from $29 to $27 and maintained its Underweight rating within a Cautious industry view. Adam Jones reduced General Motors estimates by 9 percent to as much as 24 percent from 2015 through 2017 due...
-
Morgan Stanley Bearish On Autos
Monday, September 8, 2014 - 9:20am | 208Read More...Analysts at Morgan Stanley cut the U.S automobile industry view to cautions from in-line. Analysts stated, ”We think now is a great time to reduce exposure to US auto names as the value of US SAAR (volume x price) is setting new records. Easy credit and leasing will no doubt push volume...
-
Morgan Stanley Comments On Auto Industry
Thursday, September 4, 2014 - 3:24pm | 271Read More...Analysts at Morgan Stanley commented on the automobile industry in a note Thursday. August SAAR came in at 17.5 million; the highest SAAR since July 2005. Dealer incentives increased 18.5 percent year over year. Analysts feel the recent spike in SAAR is primarily driven by financing incentives...
-
Tesla Gets More Love From Morgan Stanley
Wednesday, August 6, 2014 - 11:15am | 314Read More...In a note released Wednesday morning, Morgan Stanley analyst Adam Jones came out bullish on Tesla's (NASDAQ: TSLA) Model X saying it has the potential to be "far more successful" and a "much better value" than the Model S. Jones commented, "Some in the market have...
