GM shares jump to record after Bank of America upgrades to buy, citing electric car progress

GM shares jump to record after Bank of America upgrades to buy, citing electric car progress

7 years ago
Anonymous $wKBR2uNMvM

https://www.cnbc.com/2017/10/03/gm-shares-jump-to-record-after-bank-of-america-upgrades-to-buy.html

General Motors' strong competitive position in key future technologies in the auto market is underestimated by investors, according to a Wall Street firm.

Bank of America Merrill Lynch raised its rating for GM to buy from neutral, saying the company will thrive due to its upcoming electric and autonomous cars.

GM shares jump to record after Bank of America upgrades to buy, citing electric car progress

Oct 3, 2017, 3:48pm UTC
https://www.cnbc.com/2017/10/03/gm-shares-jump-to-record-after-bank-of-america-upgrades-to-buy.html >General Motors' strong competitive position in key future technologies in the auto market is underestimated by investors, according to a Wall Street firm. >Bank of America Merrill Lynch raised its rating for GM to buy from neutral, saying the company will thrive due to its upcoming electric and autonomous cars.