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GM

General Motors

$41.67

-0.35 (-0.83%)

18:14
12/11/17
12/11
18:14
12/11/17
18:14

GM CEO: Cutting EV tax credit 'will have an impact' on sales, Reuters says

General Motors CEO Mary Barra said that Congress potentially eliminating an electric vehicle tax credit "will have an impact" on sales of U.S. electric vehicles, such as the company's Chevrolet Bolt, Reuters reports. The House version of a bill that would reduce corporate tax rates call for cutting a tax credit of up to $7,500 for purchasers of electric vehicles, the report notes. Barra said cutting the tax credit would affect the way potential EV purchasers calculate the cost of owning one, the report says, citing comments from Barra at an event sponsored by the Automotive Press Association of Detroit. Reference Link

  • 09

    Jan

  • 16

    Jan

GM General Motors
$41.67

-0.35 (-0.83%)

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.
12/01/17
DBAB
12/01/17
NO CHANGE
Target $52
DBAB
Buy
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.
12/08/17
PIPR
12/08/17
UPGRADE
Target $30
PIPR
Overweight
Meritor upgraded to Overweight from Underweight at Piper Jaffray
Piper Jaffray analyst Alexander Potter double upgraded Meritor (MTOR) to Overweight from Underweight and raised his price target for the shares to $30 from $12. The analyst elevated both Meritor and General Motors (GM) to top pick status in the Autos, Trucks, and Advanced Mobility space. Allison Transmission (ALSN) is still Potter's highest conviction Underweight rating. Geographic expansion, market share gains, and electric vehicle products could help Meritor achieve growth, Potter tells investors in a research note. He sees the company's fiscal 2018 guidance, which implies growth of about 9% year-over-year, as "modest" given the cyclical tailwinds in the U.S. truck market.

TODAY'S FREE FLY STORIES

09:48
07/17/18
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09:48
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09:48
Conference/Events
Cowen Internet & new media analyst to hold an analyst/industry conference call »

Internet & New Media…

09:47
07/17/18
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09:47
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General news
Netflix slide leading Nasdaq to struggle at open »

Stock futures fell during…

SERV

ServiceMaster

$61.85

(0.00%)

09:47
07/17/18
07/17
09:47
07/17/18
09:47
Hot Stocks
ServiceMaster falls -5.7% »

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  • 31

    Jul

HZN

Horizon Global

$6.89

(0.00%)

09:47
07/17/18
07/17
09:47
07/17/18
09:47
Hot Stocks
Horizon Global falls -6.6% »

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OMC

Omnicom

$72.81

-5.31 (-6.80%)

09:47
07/17/18
07/17
09:47
07/17/18
09:47
Hot Stocks
Omnicom falls -6.9% »

Omnicom is down -6.9%, or…

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  • 17

    Jul

  • 09

    Aug

IGT

International Game

$25.17

0.78 (3.20%)

09:47
07/17/18
07/17
09:47
07/17/18
09:47
Hot Stocks
International Game rises 3.5% »

International Game is up…

03/08/13
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  • 02

    Aug

GOL

Gol Linhas

$6.66

0.27 (4.23%)

09:47
07/17/18
07/17
09:47
07/17/18
09:47
Hot Stocks
Gol Linhas rises 3.8% »

Gol Linhas is up 3.8%, or…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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FPI

Farmland Partners

$6.54

0.445 (7.30%)

09:47
07/17/18
07/17
09:47
07/17/18
09:47
Hot Stocks
Farmland Partners rises 7.0% »

Farmland Partners is up…

03/08/13
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CATM

Cardtronics

$26.60

(0.00%)

09:46
07/17/18
07/17
09:46
07/17/18
09:46
Recommendations
Cardtronics analyst commentary  »

Cardtronics immediate…

03/08/13
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03/08/13
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03/06/13
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  • 02

    Aug

09:45
07/17/18
07/17
09:45
07/17/18
09:45
General news
Housing Market Index to be reported at 10:00 »

July Housing Market Index…

09:45
07/17/18
07/17
09:45
07/17/18
09:45
General news
Breaking General news story  »

Federal Reserve Chairman…

CMCSA

Comcast

$34.98

(0.00%)

, CMCSK

Comcast

$0.00

(0.00%)

09:42
07/17/18
07/17
09:42
07/17/18
09:42
Periodicals
NBCU relaunches Craftsy as subscription-video service Bluprint, Variety reports »

NBCUniversal Cable…

CMCSA

Comcast

$34.98

(0.00%)

CMCSK

Comcast

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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JNJ

Johnson & Johnson

$124.70

(0.00%)

09:42
07/17/18
07/17
09:42
07/17/18
09:42
Hot Stocks
Johnson & Johnson says 'disappointed' in Spine & Knee medical sales results »

Says Spine still an…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Jul

  • 08

    Aug

BA

Boeing

$356.01

(0.00%)

09:41
07/17/18
07/17
09:41
07/17/18
09:41
Hot Stocks
Boeing, Xiamen Airlines announce optimized maintenance program deal »

Boeing and Xiamen…

03/08/13
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03/06/13
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03/06/13
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  • 25

    Jul

SNA

Snap-On

$163.93

(0.00%)

09:41
07/17/18
07/17
09:41
07/17/18
09:41
Recommendations
Snap-On analyst commentary  »

Snap-On checks point to…

03/08/13
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03/08/13
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  • 19

    Jul

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    Aug

VEON

Veon

$3.05

(0.00%)

, HFC

HollyFrontier

$68.91

(0.00%)

09:40
07/17/18
07/17
09:40
07/17/18
09:40
Options
Unusually active option classes on open July 17th »

Unusual total active…

VEON

Veon

$3.05

(0.00%)

HFC

HollyFrontier

$68.91

(0.00%)

DUST

Direxion Daily Gold Miners Bear 3X ETF

$25.49

(0.00%)

UNH

UnitedHealth

$257.03

(0.00%)

JNJ

Johnson & Johnson

$124.70

(0.00%)

CZR

Caesars

$11.63

(0.00%)

GS

Goldman Sachs

$231.01

(0.00%)

MCD

McDonald's

$158.76

(0.00%)

ATVI

Activision Blizzard

$80.23

(0.00%)

GDX

Market Vector Gold Miners

$21.88

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 17

    Jul

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  • 01

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    Aug

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    Aug

NFLX

Netflix

$400.24

4.32 (1.09%)

09:38
07/17/18
07/17
09:38
07/17/18
09:38
Recommendations
Netflix analyst commentary  »

Netflix Q2 weakness is…

03/08/13
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WEX

Wex

$194.01

-2 (-1.02%)

09:36
07/17/18
07/17
09:36
07/17/18
09:36
Initiation
Wex initiated  »

Wex initiated with a Peer…

03/08/13
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GS

Goldman Sachs

$231.01

4.71 (2.08%)

09:36
07/17/18
07/17
09:36
07/17/18
09:36
Periodicals
Lloyd Blankfein writes farewell memo to Goldman Sachs team, NY Times reports »

Goldman Sachs CEO LLoyd…

03/08/13
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NVRO

Nevro

$58.79

1.04 (1.80%)

09:35
07/17/18
07/17
09:35
07/17/18
09:35
Recommendations
Nevro analyst commentary  »

Nevro price target…

03/08/13
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  • 27

    Aug

FLT

FleetCor

$216.11

-4.06 (-1.84%)

09:35
07/17/18
07/17
09:35
07/17/18
09:35
Initiation
FleetCor initiated  »

FleetCor initiated with…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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SQ

Square

$66.95

-0.06 (-0.09%)

09:35
07/17/18
07/17
09:35
07/17/18
09:35
Initiation
Square initiated  »

Square initiated with a…

03/08/13
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03/06/13
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  • 01

    Aug

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    Aug

FIS

FIS

$107.72

-0.45 (-0.42%)

09:35
07/17/18
07/17
09:35
07/17/18
09:35
Initiation
FIS initiated  »

FIS initiated with an…

03/08/13
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03/06/13
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03/06/13
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  • 31

    Jul

09:35
07/17/18
07/17
09:35
07/17/18
09:35
General news
Treasury Action: yields traded mixed-to-lower with stocks »

Treasury Action: yields…

EPAM

Epam Systems

$132.28

-1.3 (-0.97%)

09:34
07/17/18
07/17
09:34
07/17/18
09:34
Initiation
Epam Systems initiated  »

Epam Systems initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 02

    Aug

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