General Motors (GM) to Unveil New Corvette Tonight - Credit Suisse

Credit Suisse analyst Dan Levy reiterated an Outperform rating and $48.00 price target on General Motors (NYSE: GM), highlighting that the company will be unveiling the 8th generation Chevy Corvette Stingray this evening at 7:30 PM PDT. The analyst highlighted:

• The 8th Generation 2020 Corvette Stingray will be the first mid-engine Corvette...
• Lagging Corvette sales indicate change is needed.
• Significant U.S. share and variable profit justify focus.
• But let’s remember that GM is still at its core a truck OEM
• More broadly, we hold an OP rating on GM

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 $39.16 yesterday.

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