The news of Elon Musk’s offer for Tesla Motors Inc (NASDAQ: TSLA) to buy SolarCity Corp (NASDAQ: SCTY) sparked a fury of analyst commentary. Many had questions or opinions on the
proposed acquisition, but virtually all of them held their existing ratings on both stocks.
Related Link: Musk Be Nice?
SolarCity Spikes 20% Amid Acquisition Offer From Tesla
Some notable info on the prevailing price targets:
- TSLA Offer $26.50-$28.50/sh
- SCTY AVG PT $25.11, 5% upside to today’s open, 8.7% downside to midpoint of TSLA’s offer price
- TSLA AVG PT $247.88, 24% upside to today’s open
Solar City shares were trading at $23.15, up 8.78 percent, while Tesla shares had fallen to $201.56, down 8.17 percent.
Latest Ratings for TSLA
| Date |
Firm |
Action |
From |
To |
| Jun 2016 |
Oppenheimer |
Downgrades |
Outperform |
Perform |
| Jun 2016 |
Barclays |
Maintains |
|
Underweight |
| Jun 2016 |
Standpoint Research |
Maintains |
|
Sell |
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TSLA
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