The word “downgrade” is definitely not something General Motors wants to hear, post-great showing at the 2014 North American International Auto Show. They were downgraded by the research analysts at UBS AG from a hold to a sell rating on the New York Stock Exchange, according to AnalystRatings.Net.
Another bank, Morgan Stanley, lists GM as “overweight,” though others, such as Deutsche Bank and Goldman Sachs, have GM currently at a “buy” rating. So, why the downgrade? Reportedly, it has to do with electric vehicle sales. Seems pretty thin, considering GM makes most of its money on products such as the 2014 Chevrolet Silverado and Suburban.