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GM

General Motors

$36.62

-0.27 (-0.73%)

06:18
05/15/18
05/15
06:18
05/15/18
06:18

GM valuation does not reflect robo-taxi business, says Piper Jaffray

Piper Jaffray analyst Alexander Potter says General Motors' "budding" robo-taxi business is wrongly being valued at zero. The analyst's city-by-city ride-hailing model indicates a market opportunity that could exceed $1 trillion in the U.S. alone. GM's "valuation does not reflect this opportunity (not by a longshot)," Potter tells investors in a research note. He thinks investors should be buying the stock and upped his price target for the shares to $57 from $52. The analyst's sum-of-the-parts based price target now implies 56% upside to the current share price. He keeps an Overweight rating on GM.

  • 20

    Jun

GM General Motors
$36.62

-0.27 (-0.73%)

04/09/18
04/09/18
NO CHANGE
Target $21

Overweight
Morgan Stanley, bullish on trucks, names American Axle top pick in U.S. Autos
After Morgan Stanley published a report on the potential beneficiaries from infrastructure spending, analyst Armintas Sinkevicius called American Axle (AXL) the supplier with the greatest direct exposure to pick-up trucks and believes it should receive an outsized benefit from any infrastructure spending increase. He named American Axle his top pick in the U.S. Autos & Shared Mobility sector, stating that after the first quarter he expects volumes to improve at General Motors (GM), launch costs to fade and for synergies to provide margin expansion and free cash flow generation. As previously reported, Morgan Stanley analyst Adam Jonas upgraded General Motors to Overweight from Equal Weight this morning, also citing the potential benefits of increased U.S. infrastructure spending.
04/09/18
04/09/18
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 sees room for positive earnings revisions for GM, Ford (F) and Fiat Chrysler (FCAU) as investors better understand the impact on U.S. pick-up truck sales from a potential passage of a U.S. infrastructure bill. 2. TD Ameritrade (AMTD) upgraded to Buy from Neutral at BofA/Merrill with analyst Michael Carrier saying he views TD Ameritrade's near-term outlook as attractive given healthy new net asset growth, higher interest rates, and strong DARTs. 3. Comerica (CMA) upgraded to Outperform from Neutral at Wedbush with analyst Peter Winter saying he sees several levers that should drive above average earnings per share growth over the next two years, including margin expansion, potential resumption of loan growth, and above average capital returns. 4. Agilent (A) upgraded to Buy from Neutral at Goldman Sachs with analyst Patrick Donnelly saying he sees an attractive fundamental backdrop across Tools. 5. Discover (DFS) and Ally Financial (ALLY) were upgraded to Equal Weight from Underweight at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/18
MSCO
04/24/18
NO CHANGE
Target $48
MSCO
Overweight
Morgan Stanley raises value estimate for GM's Cadillac brand to $15B
Morgan Stanley analyst Adam Jonas modeled Cadillac financials out to 2028, assuming a 2017-2028 unit volume CAGR of about 4% for the General Motors brand. He notes this is modestly higher than his previous forecast of closer to 3%, citing expectations for a model strategy closely aligned with transportation-as-a-service trends in China and the U.S., Jonas tells investors. He raised his valuation of Cadillac to $15B from $13B and said he sees scope for new GM management to highlight its "hidden value" through improved financial disclosure and structural changes. Jonas maintains an Overweight rating on GM shares.
04/27/18
SBSH
04/27/18
NO CHANGE
SBSH
Buy
Citi keeps Street-high $70 price target on General Motors
Citi analyst Itay Michaeli raised his estimates for General Motors on the Q1 beat and keeps a Street-high price target on the shares of $70. Further, the analyst continues to have a $134 per share long-term upside potential case. GM delivered a solid Q1 with "various put/takes mostly owing to planned truck downtime ahead of the upcoming product launch," Michaeli tells investors in a post-earnings research note. He notes management reiterated that 2019 should see core earnings improvement.

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AVMXY

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SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

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$0.00

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SCS

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$16.10

0.8 (5.23%)

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Acadia

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UNFI

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MU

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SGH

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KORS

Michael Kors

$72.72

-0.33 (-0.45%)

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  • 20

    Sep

MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

19:00
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Hot Stocks
Medtronic to acquire Mazor Robotics for $58.50 per ADS, or about $1.64B »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

    Oct

MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

    Oct

ACAD

Acadia

$19.08

3.97 (26.27%)

18:54
09/20/18
09/20
18:54
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Upgrade
Acadia rating change  »

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  • 01

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
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18:48
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18:48
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Acadia rating change  »

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  • 01

    Oct

SONA

Southern National Bancorp

$16.89

0.13 (0.78%)

18:45
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TSLA

Tesla

$298.32

-0.63 (-0.21%)

18:44
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Periodicals
Tesla VP of global supply management O'Connor to leave company, Bloomberg says »

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CRBP

Corbus Pharmaceuticals

$7.90

2.75 (53.40%)

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MCD

McDonald's

$160.84

1.65 (1.04%)

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  • 24

    Sep

MCD

McDonald's

$160.84

1.65 (1.04%)

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  • 24

    Sep

TTPH

Tetraphase

$3.16

0.14 (4.64%)

18:10
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Recommendations
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  • 01

    Oct

SGH

Smart Global

$30.44

0.7 (2.35%)

18:07
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Syndicate
Breaking Syndicate news story on Smart Global »

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SGH

Smart Global

$30.44

0.7 (2.35%)

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PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

17:46
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MU

Micron

$46.06

1.01 (2.24%)

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ACXM

Acxiom

$50.28

2.09 (4.34%)

, IPG

Interpublic Group

$22.68

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ACXM

Acxiom

$50.28

2.09 (4.34%)

IPG

Interpublic Group

$22.68

0.315 (1.41%)

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  • 06

    Nov

IPCI

Intellipharmaceutics

$2.92

0.15 (5.42%)

17:39
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Breaking Syndicate news story on Intellipharmaceutics »

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NOC

Northrop Grumman

$301.53

-10.71 (-3.43%)

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YUM

Yum! Brands

$88.96

0.39 (0.44%)

17:28
09/20/18
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Recommendations
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  • 26

    Sep

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