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Why General Motors Is Ahead Of The Pack, But Still Faces 'Too Many Risks'
Tuesday, October 13, 2015 - 10:55am | 316Read More...General Motors Company (NYSE: GM) shares have been treading a downward path over the last six months and are down 9 percent since April 14. Credit Suisse’s Dan Galves maintained a Neutral rating on the company, while raising the price target from $33 to $36. Several company specific...
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Why GM, Lear And Delphi Might Be The Best Auto Plays
Tuesday, August 18, 2015 - 12:47pm | 395Read More...Now that Q2 earnings season has drawn to a close for the auto industry, Credit Suisse analyst Dan Galves released a new report recapping the quarter and updating the firm’s outlook for the industry. Despite worries about China, Galves sees several reasons for auto investors to remain...
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Wall Street Focused On Tesla's Batteries, Valuation Heading Into Earnings
Monday, August 3, 2015 - 11:57am | 774Read More...Tesla Motors Inc (NASDAQ: TSLA) is scheduled to report its second-quarter results after Wednesday's market close. The Estimize community is projecting the company to lose $0.50 per share on revenue of $1.166 billion. This compares to the Wall Street consensus estimate calling for a loss of $0...
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Why Tesla Referrals Aren't A Bad Thing For The Stock
Thursday, July 30, 2015 - 11:26am | 550Read More...Media reports on Wednesday said that Tesla Motors Inc (NASDAQ: TSLA) will begin offering a $1,000 discount on its Model S vehicle if a new customer was referred by a current owner. According to CNBC, the referee will also receive a $1,000 credit towards the purchase of a new vehicle, service or...
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General Motors Q1 Earnings Preview
Wednesday, April 22, 2015 - 8:03pm | 273Read More...General Motors Company (NYSE: GM) reports Q1 results Thursday morning. Wall Street expects EPS of $0.96 on revenue of $38.737 billion, while the Estimize consensus is for EPS of $1.05 on revenue of $39.049 billion. Credit Suisse analyst Dan Galves recently commented on the quarter and...
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Credit Suisse Prefers Ford Over General Motors Heading Into Q1 Print
Thursday, April 16, 2015 - 11:55am | 477Read More...In a report published Thursday, Credit Suisse analyst Dan Galves previewed General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F)'s upcoming first quarter results, noting both are expected to report an in-line quarter. "The industry continues to show substantial discipline...
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Here's How Tesla Is 'Hitting A New Gear'
Thursday, April 2, 2015 - 8:20am | 294Read More...In a report published Thursday, Credit Suisse analyst Dan Galves commented on Tesla Motors Inc (NASDAQ: TSLA)'s international sales, noting that Europe is "hitting a new gear" and China "may be turning a corner." New Gear In Europe Focusing on Europe, Galves noted that...
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Credit Suisse Reiterates Outperform, Raises Price Target On Magna International On Another Strong Quarter
Thursday, February 26, 2015 - 10:36am | 147Read More...In a report published Thursday, Credit Suisse analyst Dan Galves reiterated an Outperform rating on Magna International Inc. (USA) (NYSE: MGA), and raised the price target from $121.00 to $127.00. In the report, Credit Suisse noted, "Magna reported adj 4Q14 EPS (ex items) of $2.52 vs consensus of $...
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Model X and Demand Trends Looking Positive At Tesla
Thursday, February 12, 2015 - 8:55am | 132Read More...In a report published Thursday, Credit Suisse analyst Dan Galves reiterated an Outperform rating on Tesla Motors (NASDAQ: TSLA), but lowered the price target from $325.00 to $290.00. In the report, Credit Suisse noted, "Despite Q4 volumes being the highest in history, the company disclosed 10k...
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Credit Suisse Reiterates Underperform Rating, Raises Price Target On General Motors As Increased Cash Return Expectations Boost Shares
Thursday, February 5, 2015 - 10:14am | 126Read More...In a report published Thursday, Credit Suisse analyst Dan Galves reiterated an Underperform rating on General Motors Company (NYSE: GM), and raised the price target from $32.00 to $33.00. In the report, Credit Suisse noted, "While much of the upside was related to taxes, GM clearly performed well...
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Credit Suisse Raises Price Target On Lear Corporation On Solid 4Q14 Results
Monday, February 2, 2015 - 9:11am | 159Read More...In a report published Monday, Credit Suisse analyst Dan Galves reiterated an Outperform rating on Lear Corporation (NYSE: LEA), and raised the price target from $114.00 to $115.00. In the report, Credit Suisse noted, “Overall, it was another impressive quarter for Lear, which remains our top pick...
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Credit Suisse Likes Auto Suppliers & Tesla, But Cautious On Ford & General Motors
Thursday, August 14, 2014 - 11:41am | 1445Read More...Dan Galves of Credit Suisse initiated coverage of the auto sector Wednesday. Galves research into the auto sector resulted in several key findings which actually favor the auto suppliers over the automakers. The analyst speculates that suppliers should see accelerated growth driven by global...
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UPDATE: Credit Suisse Initiates Coverage On TRW Automotive
Thursday, August 14, 2014 - 9:55am | 247Read More...Credit Suisse says there is limited upside in TRW Automotive (NYSE: TRW) despite rumors of an acquisition by ZF in recent weeks. “While we think TRW has one of the more interesting growth stories in the supplier universe… Our DCF analysis suggests fair value of $106/share, implying...
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Credit Suisse: China An Opportunity, Margins A Drawback For Ford
Thursday, August 14, 2014 - 8:50am | 275Read More...Ford (NYSE: F) shares were bid higher in Thursday’s extended hours session after Credit Suisse started coverage of the stock with a Neutral rating and $18 price target. Catalysts One of the key catalysts highlighted in the report is China. Analyst Dan Galves thinks the country can...
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UPDATE: Deutsche Bank Downgrades Tesla Motors on Valuation
Thursday, February 20, 2014 - 9:58am | 154Read More...In a report published Thursday, Deutsche Bank analyst Dan Galves downgraded the rating on Tesla Motors (NASDAQ: TSLA) from Buy to Hold, but raised the price target from $200.00 to $220.00. In the report, Deutsche Bank noted, “Production will ramp to 48k annualized by 4Q14 from 29k today (vs prior...
