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Another Rough Day For Tesla After Einhorn Piles On
Wednesday, January 23, 2019 - 5:24pm | 577Read More...Tesla, Inc. (NASDAQ: TSLA) suffered another rough day of trading Wednesday after a horrible start to 2019, pushing the stock to its lowest level in three months. Einhorn Piles On In addition to the negative commentary from analysts, Greenlight Capital’s David Einhorn, who has been a longtime...
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GM Notches Upgrade On 'Resiliency,' Next-Gen Mobility
Tuesday, December 19, 2017 - 2:31pm | 435Read More...General Motors Company (NYSE: GM) has been tagged a disputed leader in autonomous and electric consumer vehicles, and the perspective is gathering momentum. The traditional automaker converted a bear to a bull Tuesday to tally its 13th Buy rating against eight Holds and three Sells. The Rating...
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Analyst: Ford's Turnaround Still Stuck In Neutral
Monday, October 16, 2017 - 2:23pm | 556Read More...RBC Capital Markets watches the auto race from the sidelines. The research firm has a Hold on General Motors Company (NYSE: GM), the most likeable automaker on the Street, and a Hold on Tesla Inc (NASDAQ: TSLA), which some consider the industry frontrunner. On Monday, it slapped the same rating on...
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Here's What It Would Take For Polaris Shares To Be Attractive At This Price
Friday, July 21, 2017 - 10:21am | 394Read More...Polaris Industries Inc. (NYSE: PII)'s stock is higher by 17 percent since the start of 2017 and trading near the $100 per share level — a price that analysts at RBC Capital Markets can't defend. The firm's Joseph Spak downgraded Polaris from Sector Perform to Underperform with an unchanged $...
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Why One Analyst Is Gaining Confidence In Tesla's Potential For Profitability
Thursday, February 23, 2017 - 9:23am | 302Read More...Tesla Inc (NASDAQ: TSLA) is on track to commence limited production of the Model 3 in July. With increased confidence in the model ramp and the company reaching profitability, RBC Capital Markets’ Joseph Spak said in a report. Spak maintains a Sector Perform rating on the company, while...
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Will Investors Begin To Favor Ford Over GM In 2017?
Friday, January 27, 2017 - 12:22pm | 271Read More...RBC Capital Markets has upgraded Ford Motor Company (NYSE: F) from Sector Perform to Outperform and believes Ford and rival General Motors Company (NYSE: GM) could have the makings of a solid pair trade. According to analyst Joseph Spak, Ford has a number of positive catalysts ahead, especially...
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RBC 'Downshifts' To Underperform In Harley-Davidson
Friday, July 29, 2016 - 10:18am | 384Read More...RBC Capital’s Joseph Spak expressed concern regarding the tough industry demand environment, as well as Harley-Davidson Inc (NYSE: HOG) “overshipping and creating elevated dealer inventories that could take multiple quarters to resolve.” Spak downgraded the rating on the company...
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Tesla Is 'Learning How To Become A Manufacturing Company On The Fly'
Thursday, July 21, 2016 - 1:41pm | 503Read More...RBC Capital Markets maintained its Sector Perform rating on Tesla Motors Inc (NASDAQ: TSLA) after CEO Elon Musk unveiled his "master plan" for the company. The 'Master Plan' In his plan, Musk "a) offers justification of the proposed SolarCity acquisition; b) talks about new transportation products...
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Overreaction From Brexit: RBC Capital Upgrades American Axle To Outperform
Wednesday, June 29, 2016 - 10:44am | 259Read More...American Axle & Manufact. Holdings, Inc. (NYSE: AXL) has been down roughly 12. percent since the United Kingdom voted to exit the European Union. As only 3 percent of American Axle's sales are reliant on Europe, experts, including RBC's Joseph Spak, believe such a large drop is unwarranted....
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Strategic, Financial Rationale Of Tesla-SolarCity Deal Unconvincing
Wednesday, June 22, 2016 - 10:28am | 352Read More...Tesla Motors Inc (NASDAQ: TSLA) announced it has offered to acquire SolarCity Corp (NASDAQ: SCTY) in an all-stock deal valued at $26.50-$28.50 per share. RBC Capital Markets’ Joseph Spak commented that the proposed transaction is unlikely to be “well-received” by Tesla’s...
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Data And Scale Are The Keys To Autonomous Vehicle Technology
Wednesday, June 1, 2016 - 1:43pm | 311Read More...There is certainly plenty of autonomous vehicle technology to be excited about in coming years. However, according to RBC analyst Joseph Spak, bringing this type of advanced technology to the mass market may prove to be much more challenging than investors are anticipating. So far, Alphabet Inc...
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RBC On American Axle: M&A Might Not Happen
Tuesday, December 15, 2015 - 10:44am | 305Read More...American Axle & Manufact. Holdings, Inc. (NYSE: AXL) shares are down 9 percent year-to-date. RBC Capital Markets’ Joseph Spak downgraded the rating on the company from Outperform to Sector Perform, while reducing the price target from $26 to $23. While American Axle’s...
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Tesla Q3 Earnings Preview: Here's What Wall Street Pros Are Saying
Tuesday, November 3, 2015 - 1:40pm | 910Read More...Shares of Tesla Motors Inc (NASDAQ: TSLA) are lower by nearly 20 percent over the past three months and down nearly 13 percent from a year ago. The consensus estimate is calling for Tesla to report a loss of $0.53 per share on revenue of $1.214 billion. Wall Street analysts were mostly...
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RBC: Tesla Has 14% Upside, Is 'Classic' Story Stock
Wednesday, October 7, 2015 - 9:46am | 397Read More...The share price of Tesla Motors Inc (NASDAQ: TSLA) has declined 13.68 percent over the last three months, hitting a low of $218.87 on August 24. RBC Capital’s Joseph Spak has initiated coverage of Tesla Motors with a Sector Perform rating and price target of $280. Spak believes...
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RBC Downgrades Harley-Davidson, Cautions Operational Estimates Are 'Too High'
Wednesday, July 8, 2015 - 8:48am | 205Read More...In a report published Wednesday, RBC Capital analyst Joseph Spak downgraded the rating on Harley-Davidson Inc (NYSE: HOG) from Outperform to Sector Perform, while lowering the price target from $66 to $59. The analyst expects near-term demand to remain soft, with flat operational growth for the...













