Sterne Agee is a privately owned brokerage firm that’s been around since 1901. They’re one of the many investment firms eyeing General Motors, and currently rate the stock as a “buy.” Most recently, the firm has reportedly increased their target for the share price from $46.00 to $50.00 in a research note issued to investors last week. That’s an increase of around 43% from today’s close, however, there’s no telling when, or if, GM’s stock will hit $50 a share.
Comment
Where’s all the people who said GM’S stock would never get out of the 20s when it was around 20.00?
GM has made a great turn around and I hope it never stops