Breaking! Banc Of America Gushes Love All Over GM, Ups Rating To "Neutral"


While the parties involved talk about whether they'll talk, Banc of America's taking a big step forward and raising their rating on General Motors from "sell" to "neutral." The investment bank's dropping all their chips on black and praying a GM/Renault-Nissan partnership will take place. Well...it's really their clients chips...so we guess it's not that big a risk for them. Anyway, it worked — GM's up $0.53 on the news.

U.S. Stock-Index Futures Gain; GM, Citigroup Climb in Europe [Bloomberg]

Related:
Deustche Bank: Sell Deine GM! [internal]