Tuesday, July 31, 2007

GM's Earnings Surprise Fails to Persuade Analysts to Raise Their Ratings

(Bloomberg) -- Most Wall Street analysts continue to
advise investors to refrain from buying shares of General Motors
Corp. even after the biggest U.S. automaker jumped as much as 6.3
percent today after it reported higher-than-forecast profit.

Nine out of the 18 analysts who rate GM have the equivalent
of a ``sell'' rating on the stock, while five have a ``hold,''
according to Bloomberg News data. Only four analysts rate the
stock a ``buy.''


Read more at Bloomberg Stocks News

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