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General Motors "overweight," estimates raised

Monday, March 29, 2004 1:32:14 PM ET
Prudential Financial

NEW YORK, March 29 (New Ratings) - Analysts at Prudential Financial reiterate their "overweight" rating on General Motors (GM), while raising their estimates for the company. The target price is set to $56.

In a research note published this morning, the analysts mention that General Motors' performance in Q2 is expected to be impressive. The company's international gains in the second quarter are likely to be healthy, driven by robust volumes, Prudential Financial adds. The EPS estimates for 2004 and 2005 have been raised from $6.15 to $6.58 and from $7.35 to $7.40, respectively, to reflect the company’s robust performance in China.

Full Article Here

Sounds like good news, this probably has something to do with the Astra's release. :lol:
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