Morgan Stanley Maintains on General Motors

In a report published Friday, Morgan Stanley analyst Adam Jonas maintained an Overweight rating on

, with a $49.00 price target. According to the report, GM will replace 89 percent of its US model lineup from 2013 through 2015. “GM probably doesn't get enough props from consumers for the enormous progress it has made on the product side,” the report noted. “Problem is, if they aren't getting credit now, when will they? GM is in the middle innings on its product re-invention but there's still work to do and bar is constantly rising.” GM closed Thursday at $37.47 with shares trading down at 2.45 percent.