UPDATE: Morgan Stanley Reiterates On General Motors Company As Plan Needs Time, Patience And Partnership

In a report published Monday, Morgan Stanley analyst Adam Jonas reiterated an Underweight rating on

, 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.