Vetr Upgrades GM After Greenlight Proposal Rejection

Although General Motors Company GM shares are trading down over seven percent over the past three months, the Vetr community has downgraded the company from 4 to 4.5 stars. A likely catalyst for the upgrade was the car company’s recent rejection of the Greenlight Proposal to split the stock into two share classes: dividend shares and capital appreciation shares. Financial analysts, including Mainstay Capital’s David Kudla, believe that the vote to reject the Greenlight Proposal will be better for General Motors, and Vetr analysts agree.

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Vetr members have given General Motors a Strong Buy rating and a $38.46 price target. This price target is lower than the $37.77 price target from Wall Street analysts. The company opened Friday around $34.

Of all Vetr raters, 81 percent believe traders and investors should buy General Motors stock.

For Vetr’s full analysis of General Motors, go here.