Breaking! Merrill's Bullish On GM!

Get our top stories

follow jalopnik

Breaking! Merrill’s Bullish On GM!

ml_brand.jpg
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]

Related:
More on GM [internal]

Contact Ray Wert:
Follow merrill lynch on Jalopnik
Drive Free or Die
More Stories…