Jefferies Starts General Motors (GM) at Hold

August 9, 2016 7:15 AM EDT
Get Alerts GM Hot Sheet
Price: $37.34 --0%

Rating Summary:
    14 Buy, 16 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies initiates coverage on General Motors (NYSE: GM) with a Hold rating and a price target of $33.00.

Analyst Philippe Houchois commented, "We initiate coverage of General Motors with a Hold rating and price target of $33. Our through-the-cycle fair value is $42. Our upside scenario suggests a $45 PT assuming 7% auto operating margin, while our scenario of a 5% US downturn and reversal in Europe would take EPS to $3.5, with share price downside to $22 on our PE adjusted for associates earnings."

For an analyst ratings summary and ratings history on General Motors click here. For more ratings news on General Motors click here.

Shares of General Motors closed at $30.88 yesterday.

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