General Motors shares could climb by as much as 35% if it succeeds in selling its European Opel brand and focuses on its healthier markets, Barron’s said on Sunday.
Last week, GM confirmed reports that it was in talks to sell its Opel business to Paris-based PSA Group (PUGOY, +0.64%), which manufactures brands including Peugeot.
If the deal goes through, it could net GM as much as $1 billion in cash, Barron’s says, citing analysts.
