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 (NYSE: 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.
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