Morgan Stanley Thinks General Motors Company Offers Good Risk-Reward

In a report published Friday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $49.00 price target on General Motors Company GM. In the report, Morgan Stanley noted, “We believe GM shares offer a better risk-reward at $35 with '14 EPS ests at $4, a 3.5% yield and no expectations of buyback than at $42 with '14 EPS ests at $5 and crowded buyback hopes. New mgmt understands the challenges ahead and has tactfully reset the bar. GM can work from here.” General Motors Company closed on Thursday at $35.23.