General Motors (GM): AV Opportunity Better Than Expected - Deutsche Bank

Deutsche Bank analyst, Rod Lache, reiterated his Buy rating on shares of General Motors (NYSE: GM) after speaking with management and getting confirmation that AV’s will be ready for commercial deployment, without human drivers, much sooner than widely expected (within quarters, not years).

The analyst stated "that businesses built off of this platform will ramp much faster than is widely expected; and that this will be material, even to a company of GM’s size. GM is equally convinced that the Mobility Business opportunity will be very significant for their stock (based on feedback regarding the assumptions we used, our estimates may be significantly understated)".

No change to the price target of $51.

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 $40.38 yesterday.

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