UPDATE 1-RESEARCH ALERT-Prudential ups GM to "overweight"


(Changes source, adds details) May 26 (Reuters) - Prudential on Friday raised its rating on General Motors Corp. to "overweight" from "neutral weight" and said near-term catalysts for the automaker should be "substantially" more positive than negative. The brokerage also raised its price target on GM to $31 from $23, saying the company's attrition program was likely to save $1 per share more than expected. Shares of the company closed at $27.90 Thursday on the New York Stock Exchange. ...

Premium Content (PAID Subscription Required)

"UPDATE 1-RESEARCH ALERT-Prudential ups GM to "overweight"" 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
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×