Deutsche Bank trims GM price target

Deutsche Bank trims its price target on Buy-rated General Motors (GM -1%) to $52.

The investment firm reined in its share price expectation after hearing management tilt to the conservative side on its outlook for 2014 profits during the company's presentation this week at the DB auto conference.

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Comments (3)
  • steelboss
    , contributor
    Comments (3) | Send Message
    I purchased a large holding below 39.00 today. Price target of $52 isn't a bad return along with dividend. Is it me or the standard (Ford & now GM) to announce a dividend and then inform the public that the stock might not do as well? what's the point of knocking your own company?
    16 Jan 2014, 06:36 PM Reply Like
  • Joshua Chin
    , contributor
    Comments (74) | Send Message
    Just being transparent and managing expectations. There is nothing wrong with giving investors useful information to make a judgement on the company. Just for clarification, GM didn't say that the "stock might not do as well", it just guided to where it expects. What the stock does in relation to that is a whole different story.
    16 Jan 2014, 08:12 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1126) | Send Message
    Agree Joshua - the new CEO wants to set expectations so she can definitely beat them. I think as long as she executes, the stock should rise to the high $40s by year end in anticipation of good 2015-16 margins.


    The dividend timing had little to do with the earnings revision as it was driven entirely by the government's exit in December. The 3% yield is quite nice and implies that mgmt has faith in the company long term although I wish GM would have initiated a strong share buyback program.
    17 Jan 2014, 09:55 AM Reply Like
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