Morgan Stanley Maintains Rating and Target for General Motors

According to a research report published this morning, Morgan Stanley has maintained its Overweight rating and $45 target on General Motors GM. In the report, Morgan Stanley commented, “We resume our OW rating and $45 PT following the completion of PSA's €1bn capital raise. With 80% upside potential to fair value, GM slots in as the #2 ranked stock (out of 19) in our NA auto coverage universe.” General Motors closed Friday at $25.15.