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GM

General Motors

$32.17

0.13 (0.41%)

06:32
10/05/16
10/05
06:32
10/05/16
06:32

General Motors President Ammann says profits sustainable, Bloomberg reports

General Motors posted record profits last year, will be near that level this year, and is setting up for a run at more growth in 2017, Bloomberg reports. In an interview at Bloomberg News headquarters, President Dan Ammann said in GM has a wave of new, high-margin sport utility vehicles coming to market in the next few years, and the company believes that, even with the rapid growth of ride-sharing services, cars sales will continue to be steady and profitable, the report added. Reference Link

  • 25

    Oct

GM General Motors
$32.17

0.13 (0.41%)

09/19/16
MSCO
09/19/16
UPGRADE
MSCO
Overweight
General Motors upgraded to Overweight from Equal Weight at Morgan Stanley
09/19/16
09/19/16
UPGRADE
Target $37

Overweight
General Motors upgraded to Overweight at Morgan Stanley
As previously reported, Morgan Stanley upgraded General Motors to Overweight from Equal Weight and increased its price target to $37 from $29. Analyst Adam Jonas raised near-term earnings estimates 5% above consensus and believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. Further, the analyst said investors are underestimating how long the auto cycle can last and that General Motor's earnings and free cash flow could have a materially longer duration than the market is currently discounting. He believes investors are overlooking the time and steps needed for fully autonomous transport and said management has a healthy and realistic acceptance that it can't and should not do everything alone and will likely explore new business structures with the potential of positive values.
09/19/16
09/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. 2. Wells Fargo (WFC) upgraded to Outperform from Neutral at Baird analyst David George saying he believes the recent pullback is a buying opportunity. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Sam Pearlstein saying he believes the company's earnings can grow 20% per year through 2020. 4. U.S. Steel (X), AK Steel (AKS), and Olympic Steel (ZEUS) were upgraded to Sector Weight from Underweight at KeyBanc with analyst Ivan Marcuse saying the stocks at current levels better reflect the more competitive market conditions he expects in Q4 and 2017. 5. Mattel (MAT) upgraded to Buy from Neutral at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/16
NOMU
09/20/16
INITIATION
Target $33
NOMU
Neutral
General Motors initiated with a Neutral at Nomura
Nomura analyst Anindya Das initiated General Motors with a Neutral and a $33 price target. The analyst said General Motors has significant exposure to the Chinese auto market and is concerned about pricing pressures in the market. Further, the company has yet to break even in Europe on an annual basis and its near-term prospects are clouded by Brexit uncertainties.

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ANTM

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ANTM

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WAT

Waters

$160.27

1.75 (1.10%)

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AAPL

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CBS

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CBS

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WAT

Waters

$160.27

1.75 (1.10%)

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WHR

Whirlpool

$174.80

3.29 (1.92%)

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$DJT

DJ Transportation Average

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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IYT

iShares Transportation Average

$167.06

2.65 (1.61%)

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General news
U.S. chain store sales rose 0.6% in the week ended April 22 »

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XLK

Technology Select Sector SPDR

$53.80

0.63 (1.18%)

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KO

Coca-Cola

$43.28

0.21 (0.49%)

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XLE

Energy Select Sector SPDR

$68.19

0.4 (0.59%)

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XLY

Consumer Discretionary Sector SPDR

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SNE

Sony

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XLB

S&P Select Materials SPDR

$52.80

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COH

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XLU

Utilities SPDR

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XLP

Consumer Staples Sector SPDR

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XLV

Health Care Select Sector SPDR

$74.41

0.73 (0.99%)

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ALK

Alaska Air

$90.68

1.57 (1.76%)

, VA

Virgin America

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ALK

Alaska Air

$90.68

1.57 (1.76%)

VA

Virgin America

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IWM

iShares Trust Russell 2000 Index Fund

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Coca-Cola

$43.28

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