In Wednesday’s Analysts’ Actions one Wall Street firm is bearish on Tesla Motors (TSLA), while another gives Morgan Stanley (MS) nods of approval. Meanwhile, analysts drop Yum! Brands’ (YUM) price target. Tesla was downgraded at Robert Baird to NEUTRAL from OUTPERFORM. At the same time, its price target was cut to $282 from $335. The firm said that Model X production ramp could take longer than expected. The Model X is priced at $130,000. Analysts believe its price could be too high, and are concerned that consumers may cancel some orders. A different story for Morgan Stanley. RBC Capital upgraded the financial services company to OUTPERFORM from SECTOR PERFORM. Wealth management is a key driver of earnings growth analysts said. Another positive is its capital strength. The firm predicts capital return to gradually increase in the future. For now, it’s keeping its $39 price target. In another analyst note, Barclays cut Yum! Brands’ price target to $73 from $82. The firm has an EQUAL WEIGHT rating on the stock. This comes after the fast food company reported weak third quarter earnings after the market close yesterday. It missed analysts’ estimates on both the top and bottom line. Analysts are disappointed in China’s same store sales and say that the recovery there is sluggish. TheStreet’s U-Jin Lee reports in New York.
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