Shares of Tesla Motors Inc. (NASDAQ: TSLA) rallied on Monday after the electric car maker said that sales of its Model S cars were better-than-expected. The Company has now upwardly revised its outlook on fiscal first quarter both on GAAP and non-GAAP basis.
Shares of Molson Coors Brewing Company (NYSE: TAP) climbed after Goldman Sachs raised both its rating and price target on the stock in the backdrop of improving sales volume of beer in North America.
Judy Hong, an analysts at Goldman Sachs boosted the rating to “buy” from “neutral” and raised price target on shares to $63 from $47 a share, citing “there is significant room for a bounce back in the (beer ) industry as employment trends improve and consumers re-establish historical drinking habits,” in a research note to clients.
Shares of GameStop Corp (NYSE: GME) gained after analysts at Robert W. Baird raised price target on shares to $31 from $28 on Monday. Several other Wall Street firms have raised their rating on shares. Last Tuesday, analysts at Oppenheimer increased their price target on shares to $17 from $27, and gave “market perform” rating the stock. Before that on Thursday March 21, analysts at Sterne Agee maintained their “buy” rating on the stock and booted the price target on the stock to $30 a share.
Shares of Walter Energy Inc. (NYSE: WLT) slumped on Monday after analysts at RBC Capital cut their price target on the stock to $33 from $34. The firm keeps “sector perform” rating on the stock.
The downgrade comes after BMO Capital Markets slashed their ratings on the stock. Earlier on March 11 Monday, analysts at BMO Capital Markets cut their rating on the stock to “market perform” from “outperform” and downwardly revised price target on the stock to $35 from $42.
On Thursday March 7, analysts at Robert W. Baird initiated coverage on the stock. The firm maintain a “sector perform” rating and has a price target of $34 a share.
The stock was upgraded to “outperform” from “sector perform” by analysts at Iberia Capital on Wednesday February 27 and set a $40 price target on the stock.
Currently three Wall Street firms have “sell” rating on the stock, nine equity research firms have “hold” rating while nine firms have “buy” rating. On average, the stock has “hold” rating and an average price target is $43.08.
Shares of American Greetings Corporation (NYSE: AM) jumped on Monday after the company announced that it has agreed to be taken private by founding family, the Weiss family in deal valued at $878 million. The Company will pay $18.20 a share to all non-family shareholder, which represents 13% premium over the closing stock prices as of Thursday and 27% premium over September 27 closing price, when the company first announced that it was planning to take the Company private.
Shares of Blackberry (NASDAQ: BBRY) climbed on Monday after the smartphone maker’s rating was boosted by Paradigm Capital Inc to “speculative buy” from “hold” rating while its price target was lifted to $19 from $16.
The Company surprised the street on Thursday by posting fiscal fourth quarter profit.
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