Deutsche Bank Starts General Motors (GM) at Buy; Appears Well Positioned for Upside in Several Areas
GM Hot Sheet
Rating Summary:16 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Deutsche Bank initiates coverage on General Motors (NYSE: GM) with a Buy.
Deutsche analyst says, "Current configuration represents dramatic departure from that of "Old GM"...GM’s costs are now competitive, and its products are gaining increased traction in the market. And perhaps most importantly, GM’s core NA market is now solidly profitable and cash flow generative at the bottom of the demand cycle. We believe that this fact alone dramatically alters the risk/reward profile for investors. Less conservative SAAR, mix, and/or pension assumptions would lead to substantial upside to our price target...Looking forward, GM appears well positioned for upside in several areas."
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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Deutsche analyst says, "Current configuration represents dramatic departure from that of "Old GM"...GM’s costs are now competitive, and its products are gaining increased traction in the market. And perhaps most importantly, GM’s core NA market is now solidly profitable and cash flow generative at the bottom of the demand cycle. We believe that this fact alone dramatically alters the risk/reward profile for investors. Less conservative SAAR, mix, and/or pension assumptions would lead to substantial upside to our price target...Looking forward, GM appears well positioned for upside in several areas."
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.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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