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GM

General Motors

$43.09

-0.72 (-1.64%)

06:36
12/01/17
12/01
06:36
12/01/17
06:36

GM shares price in very little for mobility business, says Deutsche Bank

Deutsche Bank analyst Rod Lache says that if General Motors' autonomous mobility plans come to fruition, it could have "profound implications across many Industries." Following yesterday's event, the analyst continues to believe that very little of the mobility business is reflected in GM shares. His $52 price target assumes "just" $10 for GM's autonomous mobility business. The U.S. business alone could conservatively be worth at least $20 per share, and on a global basis it could be worth $40 per share, Lache tells investors in a research note. He keeps a Buy rating on GM.

  • 09

    Jan

  • 16

    Jan

GM General Motors
$43.09

-0.72 (-1.64%)

11/20/17
11/20/17
UPGRADE
Target $52

Buy
General Motors upgraded to Buy ahead of autonomous event at Guggenheim
As previously reported, Guggenheim analyst Emmanuel Rosner upgraded General Motors to Buy from Neutral ahead of the company's "highly-anticipated" event focused on its vision for an autonomous future. GM CEO Mary Barra has said and repeated that GM's autonomous vehicles are "quarters away, not years," and he expects GM to showcase the advanced status of its technology during its November 30 event, Rosner tells investors. Capturing 5% share of the U.S. ride hailing market at 20% margin would generate $1.6B of operating income by 2025, which Rosner values today at $13B. He also has more comfort in GM's 2018 earnings outlook after the company's comments last week that the impact from its truck downtime would be significantly smaller than forecasted by IHS. Rosner raised his price target on GM shares to $52 from $48.
11/28/17
MSCO
11/28/17
NO CHANGE
Target $43
MSCO
Equal Weight
GM may have hard time exceeding autonomous expectations, says Morgan Stanley
Ahead of General Motors' autonomous car events on November 29 and 30, Morgan Stanley analyst Adam Jonas said the company may find it difficult to top the rising expectations for its leadership in this "hotly contested" area. Investor sentiment around GM "vastly exceeds" where it was earlier this year, both because the company has executed and the global light vehicle market has held up better than expected, but also because the company has changed the narrative of the company's future to one where it can exert leadership in key areas such as shared mobility, connected and electric cars and autonomous vehicles, Jonas tells investors. He thinks GM will give a timeline for deploying fully autonomous fleets in a service within quarters, not years, but also believes its autonomous driving efforts are more likely to be a modest drag on earnings than a benefit for some years to come. Jonas keeps an Equal Weight rating and $43 price target on GM shares.
12/01/17
LEHM
12/01/17
NO CHANGE
Target $57
LEHM
Overweight
Barclays ups GM price target to $57 after tech day
Barclays analyst Brian Johnson raised his price target for General Motors (GM) to $57 from $55 following yesterday's tech day. The automaker closed yesterday down 72c to $43.09. While some view GM's target of commercially launching at scale autonomous ridesharing in dense urban environments in 2019 as an unrealistic target, similar to the timelines pushed by Tesla (TLSA), time with management indicated this seems possible, Johnson tells investors in a research note. GM's technology is real, and the company has a fail-safe with the autonomous vehicles to be monitored by humans at control centers, the analyst contends. The tech day reinforced Johnson's view that GM has first mover advantage in mobility. He believes the shares are due for a "multiple re-rating" and reiterates an Overweight rating on GM.
12/01/17
SBSH
12/01/17
NO CHANGE
Target $60
SBSH
Buy
Citi more confident in $134 long-term upside case for GM shares
Citi analyst Itay Michaeli says he left General Motors' investor event yesterday with greater conviction on his thesis and prior $134 long-term potential upside case for the stock. The analyst attributes yesterday's share pullback to some "sell the news" and mixed feedback from media test rides in the GM autonomous vehicles, which the analyst views as a "non-issue." He believes GM's event essentially introduced a new industry, autonomous urban networks, that's moving quickly towards commercialization. He sees the market as having a significant total addressable market of "well into hundreds of billions, or higher." Michaeli thinks GM shares "stand to re-rate meaningfully higher." He keeps a Buy rating on the stock with a $60 price target.

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STLD

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SPY

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MCK

McKesson

$162.60

5.4 (3.44%)

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AEE

Ameren

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AKAM

Akamai

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Procter & Gamble

$91.89

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PETX

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$5.73

0.15 (2.69%)

HPE

HP Enterprise

$14.41

0.17 (1.19%)

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GRMN

Garmin

$58.36

-1.1 (-1.85%)

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LMT

Lockheed Martin

$322.82

5.81 (1.83%)

17:26
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Lockheed Martin awarded $135.83M government contract »

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PG

Procter & Gamble

$91.89

0.89 (0.98%)

17:19
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Peltz to join Procter & Gamble board effective March 1, 2018 »

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PG

Procter & Gamble

$91.89

0.89 (0.98%)

, NVS

Novartis

$84.86

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NVS

Novartis

$84.86

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SNSS

Sunesis

$3.36

0.16 (5.00%)

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T

AT&T

$38.24

0.5 (1.32%)

, BA

Boeing

$293.94

0.06 (0.02%)

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AT&T CEO Stephenson resigns from Boeing board »

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AT&T

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BA

Boeing

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0.06 (0.02%)

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  • 31

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HPE

HP Enterprise

$14.41

0.17 (1.19%)

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Breaking Syndicate news story on HP Enterprise »

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  • 09

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FSV

FirstService

$67.87

-0.54 (-0.79%)

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ETP

Energy Transfer Partners

$17.50

0.08 (0.46%)

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AMTD

TD Ameritrade

$51.98

1.1 (2.16%)

, BTC

Bitcoin

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TD Ameritrade

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BTC

Bitcoin

BITCOIN

Bitcoin

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  • 13

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HIIQ

Health Insurance Innovations

$26.90

-0.65 (-2.36%)

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RM

Regional Management

$24.96

0.13 (0.52%)

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NBY

NovaBay

$3.35

-0.0668 (-1.96%)

16:50
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Syndicate
NovaBay files to sell $12M of common stock »

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T

AT&T

$38.24

0.5 (1.32%)

, TWX

Time Warner

$90.25

0.6 (0.67%)

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RUN

Sunrun

$6.06

0.2 (3.41%)

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RUN

Sunrun

$6.06

0.2 (3.41%)

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SINO

Sino-Global

$2.59

0.05 (1.97%)

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Breaking Syndicate news story on Sino-Global »

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ALN

American Lorain

16:35
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BKH

Black Hills

$60.02

0.55 (0.92%)

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