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Wall Street Bullish on General Motors Stock
Wall Street Bullish on General Motors Stock
Tuesday 12/28/2010 11:00 AM ET - Marketnewsvideo.com
Quote:
This morning, General Motors (GM) saw a number of firms initiating coverage, all with positive ratings. Morgan Stanley issued an overweight rating and a $50 price target stating that the balance sheet will continue to improve. Citigroup rated the stock a buy with a $45 price target as the firm feels the product line remains undervalued. And Barclays gave General Motors an overweight ratings and a $42 price target citing a strong presence in the emerging markets.
On the news, GM shares were heading higher on Tuesday morning, gaining a little more than 2% so far today.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201012GM122810&mv=1
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-- Benjamin Franklin
lib·er·ty
/ˈlibərdē/
noun
1.
the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views
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