In a report published Wednesday, UBS (UBS) Analyst Colin Langan suggests buying Tesla Motors (TSLA) stock at current levels is something of a crapshoot. While praising Tesla’s disruptive model, Langan, who started the name at a ‘Neutral’ rating with a $230 price target, warns that most of the ticker’s upside is already factored in. “[I]nvestors […]View the full post at: Tesla’s (TSLA) Disruptive Model Already Priced In: Analyst
After months of lobbying, one analyst is suggesting that First Quantum Minerals Ltd. has finally been granted access to the data room at Inmet Mining Corp.
First Quantum made a $5.1-billion hostile offer for Inmet back in December, but Inmet rebuffed all of its efforts to enter friendly negotiations and view confidential data on the company’s giant Cobre Panama project. Since then, Inmet has opened its data room to other potential bidders.
Desjardins Securities analyst John Hughes believes First Quantum now has access as well.
Editor's Note: The following post comes to us from Jie (Jack) He of the Department of Finance at the University of Georgia and Xuan Tian of the Department of Finance at Indiana University.
In our paper, The Dark Side of Analyst Coverag
With the "adult supervision" of US markets gone today as bond markets are closed for Columbus day, and the USDJPY tractor beam also missing with Japan also offline for Health and Sports day, stocks took their cues from China where speculation was rife that in lieu of cutting RRR, the PBOC has unleashed even more incremental QE by expanding its Collateral Asset Refinancing Program (CAR).