What General Motors Wants Investors to Know About Profit Growth
With the U.S. new-car market stalled and possibly heading for a cyclical decline, the idea that General Motors (NYSE: GM) (or any automaker heavily dependent on the U.S. market) is headed for earnings growth seems like a hard sell.
But GM is trying to make the sale anyway. In a recent presentation to analysts, Chief Financial Officer Chuck Stevens argued that the potential for bottom-line growth is a key reason for investors to consider buying GM's stock.
Did he make the case? Let's take a look.
Source: Fool.com
General Motors Corp Stock
Our community is currently high on General Motors Corp with 37 Buy predictions and 7 Sell predictions.
As a result the target price of 48 € shows a slightly positive potential of 18.14% compared to the current price of 40.63 € for General Motors Corp.