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Financial News USA
May 23


Analysts Like The New GM PDF Print E-mail

Several sell-side analysts issued bullish comments on the new General Motors (NYSE: GM - News) today, helping the stock, 2010's biggest initial public offering, to a gain of almost 2% in early trading. Soleil Securities offered perhaps the most tepid view of General Motors with a "hold" rating and $32 price target in new coverage. Barclays Capital and Morgan Stanley both initiated coverage of the stock with "overweight" ratings. Morgan Stanley offered up $50 price target while Barclays thinks the shares go to $42.

Citigroup also joined in the bullish analyst chatter on GM with a "buy" rating and $45 price target. The comments have helped GM to one of the best performances in the Trucks and Auto Stocks Index today. Rival Ford Motor (NYSE: F - News) is down 1%, but that stock has climbed 60% in the past six months.

Tesla Motors, Inc. (NASDAQ: TSLA - News) is also making a slight comeback of its own today. After being hammered by negative comments from Capstone Investments last week, including a "sell" rating and $22 price target, and the end of the company's lockup period on Christmas, Tesla Motors is up 2% today. The gains are probably of little compensation to investors that have endured Tesla's 20% slide in the past week.

Tata Motors (NYSE: TTM - News) and Force Protection (NASDAQ: FRPT - News) are among the Index's worst performers today as both are down about 2%.

Investors can track the Trucks and Auto Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from dividends to ETFs to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!

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