General Motors (GM) Hold Rating Maintained at Deutsche Bank

Deutsche Bank maintained a Hold rating on General Motors (NYSE: GM) with a price target of $35. 2015 EPS estimates were raised to $4.48 from $4.26. The change follow Q4 results.

Analyst Rod Lache said, "EPS came in at $1.19 vs. DBe of $0.78. While it was not the highest quality beat (benefits included a lower tax rate and hedging gains; ex these we believe EPS would have been $0.86-$0.91), results were nonetheless respectable and better than consensus. And we believe that the company’s more aggressive tone w/r/t returning cash to shareholders has potential to create support for the company’s shares at or near current levels. We are maintaining our Hold recommendation based on valuation."

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 $35.83 yesterday.

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