GM (GM) Keeps Mum on EV Spinoff Rumors
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General Motors (GM) PT Raised to $46 at Morgan Stanley Based on SOTP Value, Including $14/Share for Ultium Biz
August 18, 2020 7:09 AM EDTMorgan Stanley analyst Adam Jonas raised the price target on General Motors (NYSE: GM) to $46.00 (from $43.00) while maintaining an Overweight rating after taking a deep look at GM's SOTP amid speculation the company will spin its EV business.
Jonas said they value the total Ultium biz at $20bn ($14/share) and include $5/share in our GM SOTP.
The... More
