RBC Capital Starts General Motors (GM) at Outperform; Sets PT at $42

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RBC Capital initiated coverage on General Motors (NYSE: GM) with a Outperform on Monday as the quiet period following the U.S. automakers IPO seems to have blown over.

The firm set a pricve target on the company of $42.

Shares of GM are up 34 cents to $37.20 in premarket trade on Monday as the stock is set to open at a new high.

For more ratings news on General Motors click here and for the rating history of General Motors click here.

Shares of General Motors closed at $36.86 yesterday, with a 52 week range of $0.27-$16.35.

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