Deutsche Bank Comments on General Motors After Global Business Conference

Deutsche Bank has published a report on General Motors

covering the company's global business conference. In the report, Deutsche Bank wrote, "GM hosted its annual business meeting in Detroit. Our overall takeaway was that mgmt sounded very confident of the company's outlook (GM's structural costs have declined such that they should remain profitable through almost any conceivable downturn scenario). In addition, mgmt for the first time acknowledged that they still see significant operational weaknesses within the company, and that they see a path to significant margin expansion as deficiencies are addressed over the next 3-5 years. We maintain our Buy rating based on valuation." Deutsche Bank rated General Motors a BUY with a price target of $43.00. General Motors closed Tuesday at $25.54.