Deutsche Bank Lifts Price Target on GM (GM), Sees Nearly 50% Upside
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Price: $87.93 +2.07%
Rating Summary:
28 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
28 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Deutsche Bank boosted estimates and its price target on Buy-rated General Motors (NYSE: GM) from $33 to $37, suggesting nearly 49% upside from Thursday's close.
The firm said rival Ford (NYSE: F) appears better positioned in 2012, but notes both automakers are undervalued.
Q1 EPS goes up from $0.78 to $0.86, FY12 goes up from $3.04 to $3.25 and FY13 goes from $4.00 to $4.10.
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 $24.88 yesterday.
The firm said rival Ford (NYSE: F) appears better positioned in 2012, but notes both automakers are undervalued.
Q1 EPS goes up from $0.78 to $0.86, FY12 goes up from $3.04 to $3.25 and FY13 goes from $4.00 to $4.10.
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 $24.88 yesterday.
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