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Why The Slump In Oil Prices Won't Impact Tesla's Sales
Monday, December 8, 2014 - 12:48pm | 323The slump in crude oil prices over the past six months has made some on the Street skeptical about whether Tesla Motors Inc (NASDAQ: TSLA) would actually be able to sell the number of cars it has forecasted for 2015. However, analysts at Baird feel that the decline in oil price won't...
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Why Tesla's Undisclosed SEC Probe Is 'Just A Rumor'
Monday, November 24, 2014 - 12:50pm | 484Tesla Motors Inc (NASDAQ: TSLA) is rumored to have an undisclosed SEC probe. Investors initially responded to the news by selling a few shares at market open, but shares quickly rebounded and rose less than 1 percent. Thus far, analysts aren't worried about the report, which some...
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Baird Downgrades SolarCity, Reaffirms Price Target
Tuesday, August 19, 2014 - 1:28pm | 78SolarCity (NASDAQ: SCTY) was cut to Neutral by Baird analyst Ben Kallo, although he maintained his price target of $83. In his note, Kallo felt the “recent rapid appreciation” made the risk/reward less compelling, with shares having rallied 45 percent off the June 10 lows. Shares...
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UPDATE: SolarCity Leveraged to Capitalize on Solar Rooftop Boom, Baird Says
Thursday, April 17, 2014 - 4:04pm | 122On Thursday, Baird upgraded shares of SolarCity (NASDAQ: SCTY) from Neutral to Outperform and maintained the $75 price target. Analyst Ben Kallo expects a “boom” over the next several years in the U.S. rooftop market, and SolarCity is the “most levered” to capitalize. Shares of SolarCity are...
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Baird Upgrades SolarCity After 35% Pullback In Share Price
Thursday, April 17, 2014 - 3:57pm | 311Analyst Ben Kallo at Baird Equity Research on Thursday, April 17, 2014, upgraded SolarCity (NASDAQ: SCTY) from Neutral to Outperform and maintained a $71 price target. Shares of the company are up $1.13 or 2.01 percent to $57.24 per share. The firm cited a pullback of about 35 percent in the...
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Baird Cautious On Tesla Ahead of First Quarter Earnings
Monday, April 7, 2014 - 12:55pm | 99Baird sees an uneventful first quarter ahead for Tesla Motors (NASDAQ: TSLA), which has analyst Ben Kallo “more cautious.” The recent pullback in the stock is “largely” the market pricing in weak first quarter results due out May 21, according to the analyst. Kallo believes Tesla is “well...
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UPDAT: Baird Lifts Tesla 2020 Price Target After Meeting with Company
Monday, March 17, 2014 - 12:40pm | 96Baird sees blue skies ahead for Tesla (NASDAQ: TSLA) after analyst Ben Kallo met with management. Kallo raised his near-term price target from $245 to $275 and 2020 price target to a massive $350 per share. The analyst reiterated his Outperform rating. Kallo left his meeting with Tesla feeling “...
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UPDATE: Solar City Shares Showing Weakness on Baird Downgrade
Wednesday, February 19, 2014 - 9:59am | 140Solar City (NASDAQ: SCTY) shares were showing weakness Wednesday morning after Baird downgraded the company to Neutral from Outperform, while maintaining its $81 price target. Ben Kallo, the lead analyst on the report, stated that while they expect the Q4 report to be in line with street estimates...
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Baird Price Target Bump Takes Tesla Shares Higher Ahead of Earnings Report
Tuesday, February 18, 2014 - 12:02pm | 190In a report published early Tuesday morning, Baird Equity Research analyst Ben Kallo reiterated his Outperform rating on Tesla (NASDAQ: TSLA), while bumping his price target up from $187 to $215. The report, which was released just a day before Tesla was scheduled to report earnings, reiterated...
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Analysts at Baird Upgrade Tesla
Tuesday, January 14, 2014 - 6:14pm | 356Ben Kallo, analyst at R.W. Baird upgraded shares of Tesla Motors (NASDAQ: TSLA) to Outperform following the company's remarks at the Detroit Auto Show. Kallo believes that there are several upcoming catalysts that justifies buying shares at the current levels, including the company's “platform...
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Baird Names SolarCity Favorite Pick in 2014, Buying Opportunity Next Week
Thursday, January 9, 2014 - 4:14pm | 235In a report published Thursday, Baird Equity Research analyst Ben Kallo reiterated his Outperform rating on SolarCity (NASDAQ: SCTY) and raised the price target from $71.00 to $81.00. Baird named SolarCity as its favorite pick for 2014. Kallo updated Baird's NPV model to include higher MW...
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UPDATE: Baird Equity Research Upgrades SolarCity Following Announced Close of SolarCity LMC Series I
Thursday, November 14, 2013 - 11:34am | 130In a report published Thursday, Baird Equity Research analyst Ben Kallo upgraded the rating on SolarCity Corp. (NASDAQ: SCTY) from Neutral to Outperform, and raised the price target from $50.00 to $71.00. In the report, Baird Equity Research noted, “We are upgrading SCTY to Outperform and raising...
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Baird Equity Research Reiterates on Tesla Motors Ahead of Q3:13 Earnings Report
Monday, November 4, 2013 - 10:02am | 120In a report published Monday, Baird Equity Research analyst Ben Kallo reiterated a Neutral rating and $187.00 price target on Tesla Motors (NASDAQ: TSLA). In the report, Baird Equity Research noted, “We reiterate our Neutral rating ahead of TSLA's Q3:13 earnings report. We anticipate production...
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Keeping an Eye on the Four 'New' Horsemen of Tech
Wednesday, October 9, 2013 - 1:15pm | 611According to Forbes, analyst Jonathan Krinsky of Miller Tabak recently drew an interesting parallel between four contemporary tech stocks – Facebook (NASDAQ: FB), LinkedIn (NYSE: LNKD), Netflix (NASDAQ: NFLX), and Tesla (NASDAQ: TSLA) – and the so-called “Four Horsemen” of the 1990s – Cisco (...
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Tesla Shares Slipping on Baird Downgrade
Wednesday, October 2, 2013 - 9:08am | 121Early Wednesday morning Baird downgraded Tesla (NASDAQ: TSLA) from Outperform to a Neutral rating, while maintaining its $187 price target. While the upshot of the report was bearish due to its nature as a downgrade, the color stated that Baird is still bullish in the long term on Tesla, but sees...