GM says will shut five U.S. plants in January to adjust supply

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Go back to GM says will shut five U.S. plants in January to adjust supply

Instinet Raises Price Target on General Motors (GM) to $34

December 21, 2016 7:59 AM EST

Instinet reiterated a Neutral rating on General Motors (NYSE: GM), and raised the price target to $34.00 (from $33.00). Instinet expects the company's North American wholesale sales to fall by 11% y-y in 2017. The fall will be driven primarily by an inventory adjustment, following the buildup this year.

Analyst Anindya Das commented, "We expect GMs North American (NA)... More