GM stock gets 'Hold' rating from Stifel Nicolaus

By: Associated Press Email
By: Associated Press Email

A Wall Street analyst says he's waiting for more clarity on capacity reductions at General Motors Co.'s factories, and on several other issues, before he recommends buying or selling stock in the automaker.

Stifel Nicolaus analyst James Albertine said Thursday that he began coverage of GM by giving the automaker a "Hold" rating.

Albertine tells investors that GM is a leader in a multi-year auto industry restructuring and turnaround. But he gives the company's stock the "Hold" rating as he waits for further clarity on factory capacity reduction, mainly in Europe.

He says he also awaits news on whether GM's sales growth can keep up with the market in the U.S.; and whether consumers will accept GM's small and midsize cars and crossover sport utility vehicles.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 171629531 - wndu.com/a?a=171629531
Gray Television, Inc.