Two analyst approvals for General Motors (GM): Citigroup adds the stock to the firm's "Top Picks Live" list, and Morgan Stanley deems it "most likely to succeed" in another recession, thanks to its "fortress balance sheet" philosophy. Citi cites its vehicle density survey which suggests auto buyers may be showing a "surprising" level of resiliency in the weakening economy.
Let me guess: These two firms were involved in the "new" IPO for GM last November. Btw...that IPO was at $34. The stock currently trades at 22.06
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