Deutsche Bank lifted General Motors(GM:NYE) target to $48 on electric plan

STA Research
by: STA Research

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.

 

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