GM Up 2.2 percent Following Analysts Upgrade

General Motors (GM) rose 2.2 percent to $35.48 in early trading. The automaker was rated “Overweight” in new coverage at JPMorgan (JPM), Barclays Plc (BCS) and Morgan Stanley (MS). Morgan offered up $50 p/sh price target while Barclays believes the shares go to $42. Citigroup (C) also joined in the bullish analyst chatter on GM with a “Buy” rating and $45 PPS target.

At last check, GM was up 67 cents, or 1.92%, to $35.26.

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