GM - Barclays Upgrades Both Ford And General Motors To Overweight But Prefers GM Over Ford | Benzinga
Barclays analyst Dan Levy upgraded the rating on Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) from Equal-Weight to Overweight with a price target of $14 and $37, respectively.
The analyst says the different pressures on the business have created "peak pain," yielding trading multiples at historical lows.
While the analyst acknowledges that structural concerns aren't likely to dissipate any time soon, specifies that even a modest reversal of sharply negative sentiment could drive an attractive upside.
The analyst notes that given historically depressed multiples, an attractive upside exists.
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