Barclays Capital and Credit Suisse today issued bullish reviews of GM stock
By Andrew, 28 Dec, 2010. 0 Comments
2012 Buick Regal GS2
Credit Suisse and Barclays Capital released today bullish reviews of General Motors Co. stock. For those who don’t know, GM returned to public stock markets back in November. In a note to its clients, the brokerage said that GM is already demonstrating strong earnings power due to its disciplined pricing with further upside potential as the markets show signs of recovery and U.S. pricing holds firm.
The brokerage set a $42 price target on the stock, but it appears that the urbanization could help GM growing some more in China. Credit Suisse also set a price target of $43. GM raised $20.1 billion after pricing shares at the top of the proposed range in response to huge investor demand. [via autonews - sub. required]
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