Stifel Keeps GM (GM) at 'Hold' Following Q2 Results; GMNA Positive, but Adjustments/Global Volatility Concerning
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Credit Suisse Upgrades General Motors (GM) to Neutral
July 24, 2015 7:15 AM EDTCredit Suisse upgraded General Motors (NYSE: GM) from Underperform to Neutral with a price target of $33.00 following significantly better-than-expected results in NA and Europe.
The firm is increasing FY2015 / 2016 EPS estimates to $4.50 / $4.70 from $4.35 / $4.65.
Analyst Dan Galves notes meaningful evidence of self-help and solid... More
Deutsche Bank's First Look at General Motors' (GM) Q2 Results
July 23, 2015 9:43 AM EDTDeutsche Bank analyst Rod Lache commented on General Motors (NYSE: GM) following the release of the company's Q2 results. Shares traded higher by 6% heading into the call.
Lache said, "Upside came from NA ($2.8bn earnings and 10.5% margin vs. DBe of $2.6bn; strong margin was achieved despite an unusual $0.3bn impact from liquidation of rental vehicles), EU (breakeven vs. DBe of negative $0.2bn), and SA ($0.1bn loss vs. DBe of $0.2bn loss). Importantly, China was in-line with our est for the qtr ($0.5bn equity income for the qtr, and somewhat surprisingly margins... More
