RESEARCH ALERT-JP Morgan ups General Motors EPS estimate

Newswire

NEW YORK, Aug 29 (Reuters) - J.P. Morgan Chase said on Thursday it raised its full-year 2002 earnings estimate for General Motors Corp. , saying it expected the automaker to raise its North American production levels due to strong sales. J.P. Morgan raised its 2002 earnings estimate to $6.32 from $6.12 and reiterated its "buy" rating on the stock. "With GM's sales running ahead of a strong industry, and its dealer inventories now well below normal, we expect the company to raise its ...

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