The news of Elon Musk’s offer for Tesla Motors Inc TSLA to buy SolarCity Corp SCTY sparked a fury of analyst commentary. Many had questions or opinions on the proposed acquisition, but virtually all of them held their existing ratings on both stocks.
Some notable info on the prevailing price targets:
- TSLA Offer $26.50-$28.50/sh
- SCTY AVG PT $25.11, 5% upside to today’s open, 8.7% downside to midpoint of TSLA’s offer price
- TSLA AVG PT $247.88, 24% upside to today’s open
Solar City shares were trading at $23.15, up 8.78 percent, while Tesla shares had fallen to $201.56, down 8.17 percent.
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