In a report published Monday, Morgan Stanley analyst Adam Jonas reiterated an Underweight rating on General Motors Company GM, but removed the $27.00 price target.
In the report, Morgan Stanley noted, “GM's plan to consolidate 22 regional architectures (8 core) into 4 vehicle sets by 2025 requires a realignment of investor expectations with the sacrifices needed to achieve structural cost competitiveness. The right strategic partner with shared long-term interests could prove most valuable.”
General Motors Company closed on Friday at $30.29.
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