Bank of America Comments on General Motors After Global Business Conference

Bank of America has published a report on GM

after a business conference for analysts. In the report, Bank of America wrote, "During a series of presentations, the company highlighted some of its current operating strategies and execution targets. In our view, the primary takeaways were that GM continues to make progress in developing a solid product portfolio and improving the means in which it manufactures and distributes these vehicles." Bank of America rated General Motors a BUY with a price target of $50.00. General Motors closed Tuesday at $25.54.