This post was originally published on this site
RBC Capital raised the price target on Tesla (NASDAQ:TSLA) to $223.00 from $186.00 while maintaining an Outperform rating following the Q4 earnings results, with the company seeing a strong demand response from their recent price cuts through late January and the strongest orders year-to-date than ever in their history.
“TSLA is demonstrating they can spur demand growth while maintaining margins above 20%, a positive for the near- and long-term outlook. Competition is responding (Mach E), but we do wonder about the longer-term sustainability of competitor price cuts given more challenging profit margins,” said the firm.
Morgan Stanley raised the price target on Harley-Davidson (NYSE:HOG) to $48.00 from $43.00 while maintaining an Equalweight rating following the company’s reported Q4 results last week, with EPS/revenue coming in better than the consensus estimates.
Deutsche Bank raised the price target on Affiliated Managers Group (NYSE:AMG) to $192.00 from $187.00 while maintaining a Buy rating. Shares fell more than 3% today after the company reported its Q4 results, with revenue of $539.6 million missing the consensus of $605.95 million, while EPS of $7.28 came in better than the consensus estimate of $7.09.
Citi raised the price target on Spotify (NYSE:SPOT) to $165.00 from $140.00 while maintaining a Buy rating.
Deutsche Bank lowered the price target on MP Materials Corp (NYSE:MP) to $33.00 from $36.00 while maintaining a Hold rating. Shares closed more than 2% lower today.
Citi raised the price target on MPLX LP (NYSE:MPLX) to $35.00 from $33.50 while maintaining a Neutral rating.
RBC Capital raised the price target on Berry Global Group (NYSE:BERY) to $74.00 from $70.00 while maintaining an Outperform rating.
UBS lowered the price target on Allstate (NYSE:ALL) to $157.00 from $160.00 while maintaining a Buy rating.
Citi raised the price target on Autohome Inc ADR (NYSE:ATHM) to $41.50 from $35.00 while maintaining a Buy rating.
Want to get this news first? Upgrade to InvestingPro for real-time market coverage.
