Tesla Inc. (NASDAQ: TSLA) was started with a Hold rating at Needham. The analysts don’t foresee Tesla reaching full production until 12 months from now. If the company does manage to hit its production targets, the firm suspects it will be sacrificing margins and profitably as it believes the yields on the battery packs are still low and will take substantial time to ramp. The 52-week trading range for the stock is $244.58 to $389.61. The consensus price objective is $309.09, and the shares ended trading Thursday at $284.73.
Other key analysts upgrades and downgrades were seen in the following.
Cott Corp. (NYSE: COT) was resumed in coverage with an Overweight rating at Morgan Stanley. Its 52-week trading range is $13.52 to $17.77. The consensus price target is $18.25, and the stock closed Thursday at $15.78 a share.
CytomX Therapeutics Inc. (NASDAQ: CTMX) was started with a Buy rating at SunTrust, which has a $38 price target. The Wall Street price objective is $40. The shares closed Thursday at $25.67, in a 52-week trading range of $13.00 to $35.00.
ExlService Holdings Inc. (NASDAQ: EXLS) was raised to Buy from Hold at SunTrust. The 52-week trading range is $51.89 to $64.34, and the consensus price target is set at $64.08. The stock ended trading on Thursday at $56.69.
Golar LNG Partners L.P. (NASDAQ: GMLP) was downgraded to Underperform from Buy at Merrill Lynch. The 52-week trading range is $16.01 to $23.46. The consensus price target is posted at $23.39, and the shares closed Thursday at $16.77, down a whopping 17.6% on the day after posting very lackluster results.
Kforce Inc. (NASDAQ: KFRC) was downgraded to Neutral from Buy at Northcoast. The 52-week trading range is $16.75 to $34.25, and the consensus price target is $31. The shares closed on Thursday at $33.65, so a possible valuation call here.
Navient Inc. (NASDAQ: NAVI) was raised to Outperform from Neutral at Wedbush. The 52-week trading range is $11.48 to $16.97. The consensus price target is $16.61. The stock closed trading most recently at $13.81.
Rush Enterprises Inc. (NASDAQ: RUSHA) was raised to Buy from Neutral at Longbow. The 52-week trading range is $34.30 to $55.40, and the consensus price target is $54.43. The stock closed Thursday trading at $43.03.
T2 Biosystems Inc. (NASDAQ: TTOO) was raised to Outperform from Market Perform at Leerink. The 52-week trading range is $2.50 to $8.98. The consensus price target is $8.50, and the stock closed Thursday at $7.41.
Union Bankshares Corp. (NASDAQ: UBSH) was started with an Equal Weight rating and a $44 price target at Barclays. The consensus price target is $43.57. The stock closed Thursday at $41.10 a share.
In case you missed it, Thursday’s top analyst upgrades and downgrades included Biogen, Box, Corning, GrubHub, Hyatt, Quality Systems, Zillow and more.