Deutsche Bank Reiterates Hold On General Motors Ahead Of 4Q:14 Results
In a research report issued today, Deutsche Bank analyst Rod Lache reiterated a Hold rating on General Motors (NYSE:GM) with a $35 price target, which represents a slight upside potential from current levels. The report comes ahead of the company’s fourth-quarter results, which will be reported on Wednesday, February 4, 2015.
Lache noted, “Management already provided high level 2015 guidance in early January. Nonetheless, Q4 results may help us calibrate our estimates/opportunities for upside. Key questions: 1. The extent to which GM will be able to capitalize on a strong NA mix and raw material cost environment. In Detroit GM suggested that NA EBIT and margin would be up yoy in 2015, as improved volume/mix offset cost inflation. 2. Potential risks to China margins as growth moderates and capacity continues to grow (GM anticipated that improved volume and mix (i.e. new SUV’s, Cadillac) would more than offset deflationary pricing).”
Shares of General Motors are up 2.90% to $34.07. GM has a 1-year high of $38.15 and a 1-year low of $28.82. The stock’s 50-day moving average is $33.77 and it’s 200-day moving average is $33.15.
General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide.