Morgan Stanley moves bullish on the auto industry and picks General Motors (GM) as its top pick....

|About: General Motors Company (GM)|By:, SA News Editor

Morgan Stanley moves bullish on the auto industry and picks General Motors (GM) as its top pick. Market expectations and share prices "have fallen sufficiently" to offer an improved 12-month risk-reward outlook, the firm says, and gas prices are in a sweet spot to spur consumer buying. Automakers gain premarket: GM +1.6%, F +0.6%, TM +0.5%.