NEW YORK – A lot of bad news has been priced into automotive stocks, says Domenic D. Martilotti, auto analyst for Bear, Stearns & Co. Inc. "I'm cautious on the sector," he says. But he has a positive recommendation for General Motors Corp. Martilotti forecasts that GM will "outperform” the market, and his target price for its stock is $52 in 12 months. GM stock currently is hovering around $34. In an appearance before the Madison Avenue Sports Car Club here, Martilotti says his ...

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