I got this alert on Fidelity
DOW JONES & COMPANY,
INC. 10:56 AM ET 10/16/2013
10:56 EDT - From the "Is this allowed?" department, S&P
Capital IQ starts coverage of market darling Tesla (TSLA) at sell and sets a
$150 price target while issuing well-below-consensus profit
guidance for both this year and next. "We believe a premium-to-peer valuation is
warranted given its unique business model and technological leadership." TSLA is
trading at just below 100 times the firm's 2014 EPS view. But S&P Capital IQ
thinks "there is execution risk for Tesla as well as opportunity. We expect
these volatile shares to impacted by news flow and investor-sentiment shifts."
As the broader market bounces, TSLA falls 0.4% to $183.23;
they've more than quintupled this year.
took this dip opportunity to accumulate some more.