NEW YORK, July 27 (Reuters) - After more than a year of rapid deterioration, General Motors Corp. is emerging as a new debt analyst's favorite, with most arguing the automaker's bonds and default swaps hold much upside, even after rallying on better-than-expected operating profits. Several bumps remain on GM's road to recovery, however, and investors seeking the best returns should aim to buy on weakness, or if spreads widen after bouts of profit taking, analysts said. GM on Wednesday ...
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