Auto union skids toward clashes with Detroit Three over pay

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UBS Cuts Price Target on General Motors (GM) to $48 Following Investor Day

October 2, 2015 9:31 AM EDT

UBS maintained a Buy rating on General Motors (NYSE: GM), and cut the price target to $48.00 (from $49.00), following an investor day. GM reiterated its 10% N American margin & European profit targets. This supports their 2016 EPS target of $5.00-$5.50, the mid-point is above consensus of... More