Morgan Stanley analyst Adam Jonas maintained a maintenance note on General Motors (GM – Research Report) and set a target of $54. 00.
Adam Jonas has attributed his note due to a mixture of points with an effect on General Motors. The company has shown a source of income forged on the source of income, exceeding expectations with $ 47. 7 billion compared to a consensus of $ 44 billion. However, despite this positive result in the source of income, the margins of North America were softer than expected, which raises considerations on the sustainability of profitability against the evolution of the dynamics of the market market. Matrix There are uncertainties regarding competition, the dynamics of the electric vehicle market and the basic principles in China that can consult these perspectives. The directives of the Corporation do not take into account new policies or prospective regulatory changes, adding a threat element. As such, while GM works well in controllable points, the mixture of external uncertainty and combined margin effects justify a maintenance recommendation.
Jonas covers the general public cyclical sector, focusing on movements such as Ferrari, Tesla and Apiv. According to Tipranks, Jonas has an average yield of 4. 4% and a good fortune rate of 51. 93% in the shares.
In the report released on Jan. 14, Bernstein also maintained an inventory retention score with a target of $50. 00.
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