Deutsche Bank raises GM's debt to 'buy' from 'hold'


NEW YORK, Nov 21 (Reuters) - Deutsche Bank Securities on Monday raised its recommendation on General Motors Corp.'s debt to a "buy" from a "hold," saying it believes a recent price decline is overdone, though it does not expect a dramatic recovery by the automaker. "While this is by no means a ringing endorsement of this credit, we believe GM debt is oversold," Deutsche Bank said in a research note. GM's benchmark long bonds last week fell to a record low of 64.9 cents on the dollar on ...

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