Analyst: General Motors Stock Could See 'Positive Surprises'

The shares of General Motors Co (NYSE:GM) are up 1.2% in premarket trading after Deutsche Bank upgraded the stock to “buy” from “hold” and raised its price target to $60 from$56. The firm noted GM’s downside potential under a second Trump administration is already factored into its price, leaving room for “positive surprises.” Additionally, the analyst in question expects the auto giant to announce additional stock buybacks once its current authorization is completed.General Motors stock boasts a solid 47. ...