Brokerage firm Piper Jaffray initiated coverage on General Motors Co. (NYSE:GM) shares with an Overweight rating and a price target of $41.00
The car maker company recently reported first quarter 2016 net income of $2.0 billion or $1.24 per diluted share, compared to $0.9 billion or $0.56 per diluted share in the same period the prior year.
General Motors and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets.
Tesla Motors, Inc. (Nasdaq:TSLA) was initiated with a Neutral rating and a price objective on the company's stock of $223.00 by investment analysts at Piper Jaffray.
Tesla delivered non-GAAP revenue of $1.60 billion for the first quarter 2016, up over 45% from a year ago. T
Tesla Motors designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationallyhe company expects production and deliveries of its Model 3 in late 2017.
Research analysts at Piper Jaffray started coverage on shares of Ford Motor Co. (NYSE:F) with an Overweight rating and a price target of $17.00
The global automotive and mobility company said a couple days ago that its performance in China remains strong with year-to-date sales reaching 479,542, representing a 5% increase compared to 2015 - May sales at that country totaled 88,248 -.
Ford Motor's core business includes designing, manufacturing, marketing, financing and servicing a full line of Ford cars, trucks, SUVs and electrified vehicles, as well as Lincoln luxury vehicles. At the same time, Ford is aggressively pursuing emerging opportunities through Ford Smart Mobility, the company’s plan to be a leader in connectivity, mobility, autonomous vehicles, the customer experience, and data and analytics. The company provides financial services through Ford Motor Credit Company.
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