Ford Motor Company (F)

[boredhousewife]

GM Analyst Call Lacks Conviction (GM, F)

Posted: November 22, 2010 at 2:32 pm


Read more: GM Analyst Call Lacks Conviction (GM, F) - 24/7 Wall St. http://247wallst.com/2010/11/22/gm-analyst-call-lacks-conviction-gm-f/#ixzz164lx6rYY

General Motors Corporation (NYSE: GM) may have been touted as one of the top IPOs of American history. It was also one of the biggest bankruptcies and implosions in American history which cost billions and billions of dollars to become a top IPO again. S&P Equity Research has decided that GM shares are close to fully valued for investors.

S&P is looking for a modest premium to peers, but there is a concern that higher materials costs will begin to offset gains in auto industry sales. GM is trading at $34.30 so far on Monday with a 0.1% gain, but the price target is not very enthusiastic. S&P assigned only a $36.00 price target.

It was just last Wednesday that Ford Motor Co. (NYSE: F) saw its shares cut by S&P Equity Research as well. The company was cut to “Hold” from a previous “Buy” based upon its performance and target objectives catching up to the valuations (or vice-versa).

Hold ratings are obviously better than “Sell” and certainly better than “Strong Sell” ratings. In reality a “Hold” is the same as a “Neutral” or “Market Perform” rating.

JON C. OGG


Thought this article would give investors a chuckle it did me. Interesting enough though SP gave Ford a 18 dollar target upping it from 17 a share. I just recently got a report this morning on F from SP. Next report I get probably will have another upped target on Ford. SP lacks alright and it should be on GM shares not Ford. JMHO