Morgan Stanley Lowers General Motors Price Target/Reduces Estimates

On Tuesday, analysts at Morgan Stanley lowered the price target on shares of General Motors Company GM from $29 to $27 and maintain the Underweight rating within a Cautious industry view.

Adam Jones reduced GM estimates by 9 percent to as much as 24 percent from 2015 through 2017 due to increased macro international pressure. Analysts find that General Motors has as much international exposure as Ford Motor Company F which the company reduced guidance due to international pressure during the investor conference on 9/29/2014.

Jones Stated, “We believe many elements from Ford’s recent profit warning are applicable to GM's outlook through 2015 and beyond. At its investor day, GM understandably focused its attention on reestablishing cultural and strategic momentum.They didn't warn, so we're
doing it for them.”

Shares Of General Motors recently traded at $33.10 down 2% pre-market Tuesday.

General Motors shares are down roughly 17% YTD.