General Motors (GM) Hit with $102.6M Jury Verdict Against the Company in Class Action Over Defective Engines
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Morgan Stanley on NY’s Electric Vehicle Goals: 'Something Has to Give'
October 7, 2022 7:59 AM EDTThe state of New York has announced that, similar to California, all new vehicles sold in the state will be battery electric vehicles by 2035. The plan is aimed at reducing greenhouse gas emissions and represents a key step in achieving NY's target of reducing emissions 85% by 2050. Morgan Stanley, after examining the current state of battery supply chains and EV prices, believes this goal will be difficult to achieve.
As part of the plan, NY is making additional grants and subsidies available to both... More
159 Tax Loss Candidates Could Bounce - BofA
October 6, 2022 11:35 AM EDTBofA Securities analyst Savita Subramanian told investors in a note Thursday that "tax loss harvesting season is here."
"Tax loss harvesting for institutional investors became increasingly prevalent after the Tax Reform Act of 1986, which mandated Oct. 31 as the cut-off for most mutual funds to realize capital gains," Subramanian explained. "Weve... More
Morgan Stanley Upgrades Ford (F) to Overweight; Cuts Price Target on General Motors (GM)
October 5, 2022 7:34 AM EDTMorgan Stanley upgraded coverage on Ford Motor Company (NYSE: F) to Overweight (from Equal-Weight) and lowered their price target on General Motors (NYSE: GM) to $30 (from $42) based on valuation and preference.
Analyst, Adam Jonas wrote in a note, Our preference for Ford vis-Ã -vis GM is driven by our views of the business portfolio and strategy. Both... More
