Morgan Stanley Downgrades General Motors to Equal-Weight, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has downgraded General Motors (NYSE:GM) from Overweight to Equal-Weight while raising the price target from $46 to $47.
July 24, 2024 | 10:52 am
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Morgan Stanley analyst Adam Jonas downgraded General Motors from Overweight to Equal-Weight, but raised the price target from $46 to $47.
The downgrade from Overweight to Equal-Weight suggests a neutral stance on GM's stock, which could lead to a mixed market reaction. However, the raised price target to $47 indicates some positive outlook, balancing the overall impact.
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