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GM Undergoing Re-Rating With Electric-Vehicle Foray In Mind: Wedbush Reiterates Bullish Thesis

GM Undergoing Re-Rating With Electric-Vehicle Foray In Mind: Wedbush Reiterates Bullish Thesis

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General Motors Co.’s (NYSE:GM) vertical integration capabilities and the conversion of its massive customer base to electric vehicles over the coming years represents a transformational opportunity for the legacy automaker, according to Wedbush Securities. The GM Analyst: Wedbush analyst Daniel Ives maintained an “Outperform” rating on General Motors with a price target of $85 per share.

...read full article on Benzinga

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