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General Motors Co (NYSE:GM)’s sharp focus on the switch to electric vehicle rollout is being noticed by Wall Street investors and the Detroit-based legacy automaker could trade at multiples similar to Tesla Inc. (NASDAQ:TSLA) and other pure-play EV rivals, according to Wedbush. The GM Analyst: Wedbush analyst Daniel Ives has initiated coverage for General Motors with an Outperform rating and a price target of $85.
...read full article on Benzinga
