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Jefferies: Upgrade Tesla (TSLA) from "hold" to "buy" rating with a target price of $850

凤凰网港股2021-08-09

Fenghuang.com Hong Kong stocksJefferiesAnalyst Philippe Houchois willTesla(TSLA) upgraded its rating from hold to buy and raised its target price from $700 to $850. Analysts and teams are generally positive that its OME has the ability to improve profit margins through less and better capital allocation. For Tesla, the analysis team saw an accelerated increase in the earnings/ROIC leverage ratio and capital benchmark used, so it raised Tesla's earnings per share in 2022 to $7.44 from the previous $6.28, compared with the consensus estimate for earnings per share. $7.19. Raised the 2021-22 GAAP EBIT forecast by 17% on a higher gross margin assumption.

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  • waihustle
    ·2021-08-09
    Slowly but surely 
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