Thursday, March 31, 2011

Analyst Actions: TSLA, SOL, CAG, BMY, AET


Tesla Motors Inc. (NASDAQ: TSLA): Morgan Stanley upgraded its rating on the company to overweight from equal weight. The firm set a price target of $70. According to Morgan Stanley, Tesla will eventually become the 4th major U.S. Auto manufacturer behind GM, Ford & Chrysler.

Renesola (NYSE: SOL): Brean Murray on Thursday initiated coverage on Renesola with a Buy rating and a price target of $15. 

ConAgra (NYSE: CAG): Goldman Sachs initiated coverage on the stock with a Neutral rating.

Bristol-Myers (NYSE: BMY): Jefferies & Co. lowered its rating on the company to Hold from Buy, citing valuation

Aetna (NYSE: AET):  Oppenheimer downgraded its rating on the company to Perform from Outperform. However, the firm raised its price target on the stock to $42 from $35. 

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