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GM Has Potential To Trade At Multiples Similar To Tesla, Wedbush Says As It Initiates Coverage With ‘Outperform’ Rating

GM Has Potential To Trade At Multiples Similar To Tesla, Wedbush Says As It Initiates Coverage With 'Outperform' Rating

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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

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