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Stock impact report

GM gets key update from Deutsche Bank ahead of earnings [Yahoo! Finance]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Yahoo! Finance
Rising oil and gas prices are forcing Americans to make tough choices about major purchases such as cars . Still, analysts at Deutsche Bank see GM as well-positioned to weather several headwinds, so they upgraded the stock to buy from hold. GM shares closed the Friday, April 17, session at $81.32, and analysts at the firm say this is an "attractive entry point to gain exposure to a potential multi-year re-rate story. Near-term volatility can be attributed to geopolitical developments, but our thesis is built on GM's operational resilience, which GM demonstrated multiple times in recent years," according to a note seen by TheStreet. But it's not all good news for GM, as last year's headwind is playing a big role in its earnings story this year. Tariffs are expected to eat up $800 million of GM's first-quarter EBIT.Pugliano/Getty Images GM raised to buy from hold at Deutsche Bank General Motors is scheduled to report its first-quarter earnings before the opening bell on April Show less Read more
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