Deutsche Bank Upgrades General Motors (GM) to Buy

(Updated - September 25, 2017 5:56 AM EDT)

(updated to add analyst comment)

Deutsche Bank upgraded General Motors (NYSE: GM) from Hold to Buy with a price target of $51.00 (from $36.00).

Analyst Rod Lache says the company bull case is too big to ignore when it comes to Mobility, a business fraction he expects will be spun off. The analyst notes the Mobility offering could be valued around $30 billion.

Using a Sum-of-Parts analysis yields $41 per share for GM (10% FCF yield on $6 billion) and an addition $10 for the Mobility and AI business segments.

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 $39.42 Friday.

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