RBC Cuts GM To Hold, Sees Headwinds For Automakers Ahead
December 16, 2014 at 10:03 AM EST
General Motors (GM) is down 1.5% in morning trading Tuesday, following a downgrade to Hold at RBC Capital Markets. Analyst Joseph Spak and his team cut the stock to Sector Perform, lowered their price target by $6 to $35, and now have earnings estimates for 2015 and 2016 approximately 10% below consensus. While they write [...]
