Deutsche Bank’ analyst Emmanuel Rosner raised the GM’s target to $48 from $43 and maintained their Buy rating on the equity.
GM updated investor today with the company’s outline for it’s electric vehicle road map. Management confirmed the company would not seperate it’s electric division in any manner. Rosner raised the company’s valuation metric on this basis.
Disclaimer : Stock Target Advisor is not a broker/dealer, investment advisor or a platform for making stock buying or selling decisions. Our goal is to democratize and simplify financial information through automated analysis, aggregation of stock information and education in order to help investors with their own research. No content in our site, blogs or newsletters constitutes – or should be understood as constituting – a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We also cannot guarantee the accuracy of any information presented on our site and in our analysis.