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GM

General Motors

$42.09

1.705 (4.22%)

12:06
10/02/17
10/02
12:06
10/02/17
12:06

General Motors to introduce two new all-electric vehicles in next 18 months

General Motors announced that in the next 18 months the company will introduce two new all-electric vehicles based off learnings from the Chevrolet Bolt EV. They will be the first of at least 20 new all-electric vehicles that will launch by 2023. "General Motors believes in an all-electric future. Although that future won't happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles through no-compromise solutions that meet our customers' needs," said Mark Reuss, General Motors executive vice president of Product Development, Purchasing and Supply Chain.

  • 24

    Oct

GM General Motors
$42.09

1.705 (4.22%)

09/25/17
DBAB
09/25/17
UPGRADE
Target $51
DBAB
Buy
General Motors upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Rod Lache upgraded General Motors to Buy and raised his price target for the shares to $51 from $36. The automaker closed Friday up 32c to $39.42. GM's autonomous vehicles will be ready for commercial deployment, without human drivers, much sooner than widely expected and possibly years ahead of competitors, Lache tells investors in a research note. The analyst estimates that 60% of U.S. households in dense urban centers could eventually find autonomous ride-share services more financially attractive than privately owned vehicles. He believes businesses built off of this platform will "ramp much faster than is widely expected." The potential valuation of GM's "burgeoning Mobility business is too big to ignore," Lache writes. The analyst believes GM's Mobility business could be worth $30B, or $20 per share.
09/25/17
09/25/17
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 Buy from Hold at Deutsche Bank with analyst Rod Lache saying GM's autonomous vehicles will be ready for commercial deployment, without human drivers, much sooner than widely expected and possibly years ahead of competitors. 2. Ross Stores (ROST) upgraded to Overweight from Neutral at JPMorgan with analyst Matthew Boss saying he left meetings with management more positive on the off-price sector and believes the company is well positioned for double-digit growth. 3. Under Armour (UA, UAA) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying the addition of a new chief operating officer along with a renewed focus on improving financial performance point to a near-term inflection for the shares. 4. Transocean (RIG) upgraded to Buy from Neutral at UBS with analyst Angie Sedita citing "early signs of a slow recovery." 5. Box (BOX) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Peterson saying risk/reward is compelling at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/17
DBAB
10/02/17
NO CHANGE
Target $51
DBAB
Buy
After talking to GM, Deutsche views $51 price target as conservative
Deutsche Bank analyst Rod Lache increasingly views his $51 price target for shares of General Motors as conservative after speaking to management. The stock closed Friday down 20c to $40.38. GM's autonomous vehicles will be ready for commercial deployment, without human drivers, within quarters, not years, or much sooner than widely expected, Lache tells investors in a research note titled "AV Opportunity: It's Better than We Thought; Reiterating Buy." GM management is convinced that its Mobility Business opportunity will be very significant for the shares, Lache adds. The analyst points out that management did not refute the logic he used to conclude that this business will most likely be spun off to shareholders.
10/02/17
SBSH
10/02/17
NO CHANGE
Target $53
SBSH
Buy
Citi more confident in potential GM upside case of $134/share
Citi analyst Itay Michaeli says he left a meeting with management on Friday even more confident in his General Motors transformation thesis, particularly as it relates to future autonomous mobility and his prior long-term high-end upside potential case of $134 per share. Management regards autonomous vehicles as the biggest thing since the internet, and GM is in a leading position, Michaeli tells investors in a research note. He reiterates a Buy rating on General Motors with a Street-high price target of $53.

TODAY'S FREE FLY STORIES

FLXN

Flexion

$19.62

1.17 (6.34%)

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Flexion mentioned cautiously in a Seeking Alpha article 

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NFLX

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PII

Polaris Industries

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2.31 (2.50%)

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AA

Alcoa

$36.20

0.85 (2.40%)

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    Oct

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The September housing report was disappointing »

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NFLX

Netflix

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TPR

Tapestry

$44.48

1.39 (3.23%)

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NFLX

Netflix

$346.40

13.29 (3.99%)

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  • 13

    Nov

PVTL

Pivotal Software

$19.94

1.44 (7.78%)

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FB

Facebook

$158.81

5.25 (3.42%)

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Facebook Watch lands The Real World from MTV, Deadline reports »

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COOP

Mr. Cooper

$15.22

-0.39 (-2.50%)

09:24
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Mr. Cooper analyst commentary  »

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DSX

Diana Shipping

$3.95

0.07 (1.80%)

, GLNCY

Glencore

$0.00

(0.00%)

09:23
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Hot Stocks
Diana Shipping reports continuation of time charter contract with Glencore »

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DSX

Diana Shipping

$3.95

0.07 (1.80%)

GLNCY

Glencore

$0.00

(0.00%)

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NEON

Neonode

$2.90

0.355 (13.95%)

09:23
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KDMN

Kadmon

$2.89

0.195 (7.25%)

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IBM

IBM

$145.02

3.9 (2.76%)

09:23
10/17/18
10/17
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IBM analyst commentary  »

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GPN

Global Payments

$119.87

4.42 (3.83%)

09:22
10/17/18
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HD

Home Depot

$193.61

2.51 (1.31%)

, LOW

Lowe's

$105.97

1.31 (1.25%)

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HD

Home Depot

$193.61

2.51 (1.31%)

LOW

Lowe's

$105.97

1.31 (1.25%)

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GWW

Grainger

$280.03

-38.35 (-12.05%)

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HAIR

Restoration Robotics

$1.79

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IBM

IBM

$145.02

3.9 (2.76%)

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Technical Analysis
Technical Take: IBM hits fresh 52-week low after earnings disappoint »

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  • 21

    Oct

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    Mar

SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
10/17/18
10/17
09:18
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09:18
Options
Overnight activity included 287 trades in SPX and 3 trades in VIX »

287 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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MRVL

Marvell

$18.88

0.76 (4.19%)

09:17
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WIFI

Boingo Wireless

$33.43

1.84 (5.82%)

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  • 12

    Nov

ABT

Abbott

$70.94

2.22 (3.23%)

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  • 17

    Oct

ABT

Abbott

$70.94

2.22 (3.23%)

09:16
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Breaking Earnings news story on Abbott »

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  • 17

    Oct

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