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GM shares rise after BMO upgrade on self-driving technology

GM shares rise after BMO upgrade on self-driving technology

January 7, 2019

Via: CNBC

Investors should buy General Motors because its automated car division and restructuring moves will lift the automaker’s stock in 2019, BMO Capital Markets said Monday.

Analyst Richard Carlson upgraded GM to outperform from market perform. Carlson also hiked his price target on the stock to $41 a share from $38, representing a 23 percent upside from Friday’s close.

Shares of GM rose 1.3 percent in the premarket Monday.

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