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<blockquote data-quote="klein" data-source="post: 796181" data-attributes="member: 23950"><p><strong><a href="http://community.nasdaq.com/News/2011-01/is-it-time-to-trade-general-motors-nysegm.aspx?storyid=52002" target="_blank"><span style="color: navy">Is it Time to Trade General Motors (NYSE:GM)?</span></a></strong></p><p> </p><p> </p><p>It's a new year, and analysts are adjusting their opinions on stocks and sectors. This week, Goldman Sachs (GS) expressed a bit of optimism on the newly resuscitated General Motors (NYSE:GM), initiating coverage on the stock with a "buy" rating.</p><p>The covering analyst set a 12-month price target of $43, representing about 16% of upside from current levels. He noted, "GM is ideally positioned to take advantage of the cyclical … and secular auto demand opportunities" and added, "we think the stage is set for profitability not seen since the 1970s, which is not fully discounted in the shares."</p></blockquote><p></p>
[QUOTE="klein, post: 796181, member: 23950"] [B][URL="http://community.nasdaq.com/News/2011-01/is-it-time-to-trade-general-motors-nysegm.aspx?storyid=52002"][COLOR=navy]Is it Time to Trade General Motors (NYSE:GM)?[/COLOR][/URL][/B] It's a new year, and analysts are adjusting their opinions on stocks and sectors. This week, Goldman Sachs (GS) expressed a bit of optimism on the newly resuscitated General Motors (NYSE:GM), initiating coverage on the stock with a "buy" rating. The covering analyst set a 12-month price target of $43, representing about 16% of upside from current levels. He noted, "GM is ideally positioned to take advantage of the cyclical … and secular auto demand opportunities" and added, "we think the stage is set for profitability not seen since the 1970s, which is not fully discounted in the shares." [/QUOTE]
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