Is General Motors (GM) a SPAC Incubator? - Morgan Stanley
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Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $80.00 price target on General Motors (NYSE: GM) noting that there are many hidden gems within GM’s global technology and services portfolio including tech focused on the electric, connected and autonomous vehicle markets.
The analyst stated that GM is "garnering increased awareness. The apparent deal-breaker for many of these clients is the continued exposure to potential environmental/economic liabilities associated with ICE (internal combustion engine), as the company remains entangled in an array of assets and business models that are seen as incompatible with the sustainability/growth mandates of such clients."
The firm made this graphic, which they call GM's 'SPACtopus':
Shares of General Motors closed at $52.21 yesterday.
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