Barclays Raises Tesla Rating on Potential SpaceX Combination
Photo: TokenPost
Barclays raised Tesla to overweight from equal weight and lifted its price target to $450 from $370, citing a possible SpaceX combination and projections for growth in Tesla’s auto business and energy shipments. The $450 target is 21% above Tesla’s Friday close. Barclays analyst Dan Levy said recent discussion around Tesla had centered heavily on a possible combination with SpaceX. Tesla CEO Elon Musk said Tesla and SpaceX formed separate committees to discuss a potential combination , but no agreement has been reached.
Source: TokenPost
