Morgan Stanley: General Motors Is Due For A 'Mean Reversion'

Adam Jonas of Morgan Stanley stated in a note on Friday that

is due for a “mean-reversion” as a result of the company's “very strong” fourth quarter North American results and an upbeat 2015 outlook. Jonas notes that shares can hit the $40 mark in the first quarter despite an Underweight rating. The analyst does however recommend using “highly accomodative” conditions in the U.S. auto market to “calmly exit” shares.