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GM

General Motors

$37.17

2.44 (7.03%)

07:22
01/14/19
01/14
07:22
01/14/19
07:22

General Motors price target raised to $47 from $41 at BMO Capital

BMO Capital analyst Richard Carlson raised his price target on General Motors to $47 and kept his Outperform rating after its FY19 guidance came in "well above" expectations. The analyst attributes the positive outlook to the company's "strong product lineup, cost-cutting initiatives, and a relatively healthy industry outlook", also raising his FY19 EPS view by 60c to $6.65. Carlson further states that in his view, the "market isn't fully appreciating the value from GM Cruise or the significant progress management has made in positioning GM for long-term success".

  • 15

    Jan

  • 15

    Jan

  • 06

    Feb

GM General Motors
$37.17

2.44 (7.03%)

01/07/19
01/07/19
UPGRADE

Fly Intel: 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 Outperform from Market Perform at BMO Capital with analyst Richard Carlson citing a "brighter spotlight" being placed on the GM Cruise model in 2019 leading to more appropriate value being priced into the shares. 2. Alphabet (GOOG, GOOGL), Adobe (ADBE), and Salesforce (CRM) were upgraded to Buy from Hold at Pivotal Research. 3. Citi (C) upgraded to Outperform from Neutral at Macquarie with analyst David Konrad saying despite macro uncertainties, he sees Citi's stock as compelling due to his expectations for improving performance, continued operating leverage and credit risk concerns that he views as overdone. 4. Micron (MU) upgraded to Outperform from Market Perform at BMO Capital with analyst Ambrish Srivastava citing valuation. 5. Dillard's (DDS) upgraded to Neutral from Underweight at JPMorgan with analyst Matthew Boss saying he sees a more balanced risk/reward with the stock underperforming the over the past few years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/11/19
BUCK
01/11/19
NO CHANGE
Target $34
BUCK
Neutral
General Motors may guide down at today's investor event, says Buckingham
Buckingham analyst Joseph Amaturo kept his Neutral rating and $34 price target on General Motors, saying the company's capital markets event today may produce "modest pressure" on its stock price with the release of lower financial guidance. The analyst adds that while some of this expectation is reflected in the automaker's current valuation of 6.2-times expected 2019 earnings, he expects the near term investor sentiment to remain cautious, particularly given the company's "very large presence" in the China market.
01/11/19
BUCK
01/11/19
NO CHANGE
Target $34
BUCK
Neutral
Buckingham stays Neutral on GM as better than expected guidance seen raising bar
Buckingham analyst Joseph Amaturo noted that he had expected General Motors would lower guidance today, but the company actually said it sees its FY18 EPS exceeding previous guidance and gave an FY19 profit outlook that was above consensus. He expects investors to look more closely at the underlying assumptions that prompted GM to arrive at FY19 EPS guidance of $6.50-$7.00 and thinks investors will be less willing to own GM stock after the company " just reset the bar higher for earnings and cash flow despite increased macro concerns." Amaturo keeps a Neutral rating and $34 price target on GM shares.
01/14/19
SBSH
01/14/19
NO CHANGE
SBSH
Buy
GM path to $76-$134 per share 'probably never been as visible,' says Citi
Citi analyst Itay Michaeli says General Motors' "unique fundamental position" and path to his prior $76-$134 long-term upside potential share case have "probably never been as visible as they are today." GM's investor day delivered a positive Q4 preannouncement, a "comfortably" greater than consensus 2019 guide, an "important re-messaging" of the pickup truck franchise, "clear focus" on positive free cash flow conversion and "encouraging" updates on Cruise AV and the company's electric vehicle plans, Michaeli tells investors in a research note. He keeps a Buy rating on shares of General Motors.

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ITRI

Itron

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MOGU

Mogu

$16.39

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LXRX

Lexicon

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ATTO

Atento

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EBAY

eBay

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VYST

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