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

Newswire

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 ...

Premium Content (PAID Subscription Required)

"Deutsche Bank raises GM's debt to 'buy' from 'hold'" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×