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Looks like Wall Street's buying that whole "employee buyout" thing, cause the General's just been upgraded by Merrill Lynch's automotive analyst John Murphy. Murphy's giving the Generall a bump in his earnings estimate from $1.90 to $4.10 per share, a target price of $37 for the stock — and most importantly, a 'Buy' status. This totally beats idling in 'Neutral.' Hi-HO!

GM share rise after Merrill Lynch upgrade [Reuters]

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More on GM [internal]