Why General Motors Stock Is Down Today
Shares of General Motors (NYSE: GM) were trading lower on Tuesday morning, after a prominent Wall Street auto analyst cut his bank's rating on the company's stock.
As of 11 a.m. ET, GM's shares were down about 5.1% from Monday's closing price.
In a new note on Tuesday morning, Morgan Stanley analyst Adam Jonas cut the bank's rating on GM to equal weight, from overweight, and lowered its price target to $55, from $75.
Source Fool.com