Despite not even being public for a full 52-weeks and trending downward, General Motors’ stock was placed above its competitors by Morgan Stanley. Why? It probably has something to do with that $34 billion in revenue the company has been building up on, compared to Ford’s $8 billion (which placed sixth). If you’re wondering, second place went to Johnson Controls, while third was held by BorgWarner, both of which are supplier companies.
Morgan Stanley expects GM’s one-year stock price to meet $45. GM is currently trading at $22.45 at the time of this writing. So… is it time to buy?
Source: The Detroit Free Press