Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Morgan Stanley Downgrades This Auto Giant - Read Why

GM Morgan Stanley Adam General Motors Co NYSE
  • Morgan Stanley analyst Adam Jonas downgraded General Motors Co (NYSE:GM) from Overweight to Equal-Weight and reduced the price target to $55.00 from $75.00, implying an 8.48% upside.
  • The analyst noted that the lower-than-expected 2022 guidance triggered the reduced price target.
  • He expects GM to remain one holistic company for at least the next 12-18 months as management builds out its EV, AV, and connected car capabilities.
  • Adam still harbors concern around the legacy OEM's shift from ICE to electrification, modeled by forecasting GM to be a smaller company going forward.
  • Price Action: GM shares are trading lower by 3.96% at $48.70 in premarket on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fans of fitness influencers exercise more – but they’re also more depressed, new study claims
New study finds fitness influencers can have a polarizing effect on their followers
The Independent UK
The Independent UK
Is intermittent fasting better than counting calories? Maybe not, but you might stick with it
Intermittent fasting, where people eat what they want, but only during certain daily windows of time, has skyrocketed in popularity in recent years
The Independent UK
The Independent UK
Jerrod Carmichael Reality Show: features one of the most painful family arguments ever seen on TV
This excruciatingly revealing reality show is so extreme it’s hard to believe that what you’re watching is the truth – and maybe you’re not
The Guardian - UK
The Guardian - UK
A new AI service allows viewers to create TV shows. Are we doomed?
Showrunner will let users generate episodes with prompts, which could be an alarming next step or a fleeting novelty
The Guardian - US
The Guardian - US
Madonna sued for "pornography" on stage
This is the second lawsuit leveled at the singer for her Celebration world tour
Salon
Salon
Bianca Censori Tests The Patience Of Italians Once More As She Covers Up Again With A Pillow
"Wouldn't it be easier to just put some clothes on?" The post Bianca Censori Tests The Patience Of Italians Once More As She Covers Up Again With A Pillow first appeared on Bored Panda.
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play