Baird Analyst Downgrades SolarCity Corp (SCTY) to Neutral

By Ben Kriegsman

Baird analyst, Ben Kallo, downgrades SolarCity Corp (NASDAQ:SCTY) to Neutral with a price target of $25.00 following the company’s merger agreement with TSLA.

The analyst explains, “Although SCTY has a 45-day go-shop period which could provide additional upside, we believe it is highly likely the TSLA and SCTY merger will go through, and are moving to the sidelines.”

Ben Kallo is ranked #862 of 4,083 analysts on TipRanks. He maintains a success rate of 4.9% and realizes an average return of 4.1%.