Stocks Moving on Morning News: Tesla Motors Inc(NASDAQ:TSLA), SolarCity Corp(NASDAQ:SCTY), International Game Technology(NYSE:IGT)

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Tesla Motors Inc(NASDAQ:TSLA) plans to set up a network of solar power charging stations in China that will use locally made PV modules instead of those produced by SolarCity Corp(NASDAQ:SCTY), according to news.cnyes.com, which cited Tesla CEO Elon Musk, reported DigiTimes.

Analysts have a consensus price target of $214 on Tesla Motors Inc(NASDAQ:TSLA) which indicates a 5% upside. The consensus rating of the stock is a HOLD with a score of 2.47. There are currently 6 Buy ratings, 10 hold ratings and 1 strong buy rating on the stock.

A recent analyst action consisted of Baird reiterating their Buy rating on April 7th 2014.

International Game Technology (NYSE:IGT) shares set a fresh 52-week low following yesterday’s earnings report, last at $13.02 which is just off the new low of $12.88. Support below $12.88 is at $12.12. Resistance is at $13.94.

Analysts have a consensus price target of $15 on International Game Technology (NYSE:IGT) which indicates a 11% upside. The consensus rating of the stock is a Hold with a score of 2.10. There are currently 7 Hold ratings, 1 sell rating and 2 Buy ratings on the stock.

A recent analyst action consisted of Janney Montgomery Scott reiterating their neutral rating on the stock, dropping their price target from $13 to $12 on 4/23.

 

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