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Strong Start for Tesla; Netflix and Baidu Get Rating Changes

5/05/15 9:43 AM EDT
In Tuesday's Analysts' Actions, we highlight a coverage initiation on Tesla Motors (TSLA), an upgrade for Netflix (NFLX), and a rating cut for Baidu (BIDU). Analysts at Jefferies started coverage on electric car maker Tesla ahead of its earnings release on Wednesday. Jefferies issued a BUY rating with a $350 price target. Netflix was upgraded to BUY from UNDERPERFORM by analysts at Bank of America/Merrill Lynch. The firm more than doubled its price target, saying it likes the growing portfolio of original content. Analysts at JPMorgan Chase released a cautious note on Baidu. The firm downgraded the company to NEUTRAL from BUY, and lowered its price target. TheStreet's Kurumi Fukushima reports in New York.
Stocks in this video: TSLANFLXBIDU
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