Morgan Stanley Downgrades General Motors to Underweight, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has downgraded General Motors (NYSE:GM) from Equal-Weight to Underweight and reduced the price target from $47 to $42.
September 25, 2024 | 11:57 am
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Morgan Stanley has downgraded General Motors to Underweight and reduced the price target to $42, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by a major analyst like Morgan Stanley suggests a negative sentiment towards GM's stock. The reduction in the price target from $47 to $42 further supports this bearish outlook, likely leading to a short-term decline in GM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100