After declaring bankruptcy in 2009, receiving government help and getting off to a great new start back on the stock exchange, GM continues to regain its strength and has now been recommended for investment by Wall Street.
Major banks such as J.P. Morgan, Citigroup, Barclays Capital and Crédit Suisse all advise investing in the American automaker and are even predicting that the price of its shares could rise to $42 by the end of 2011. The major profits are the result of GM’s success in the emerging markets of Brazil and China.
Crédit Suisse also suggested buying into the Volt’s manufacturer and mentioned that investors looking to place their money for a 12 to 18-month period should consider GM a viable option.
GM shares are currently hovering between $34 and $35, already an improvement over their initial purchase price of $33.
At the time of writing, GM’s regular shares were worth $35.32.
Major banks such as J.P. Morgan, Citigroup, Barclays Capital and Crédit Suisse all advise investing in the American automaker and are even predicting that the price of its shares could rise to $42 by the end of 2011. The major profits are the result of GM’s success in the emerging markets of Brazil and China.
Crédit Suisse also suggested buying into the Volt’s manufacturer and mentioned that investors looking to place their money for a 12 to 18-month period should consider GM a viable option.
GM shares are currently hovering between $34 and $35, already an improvement over their initial purchase price of $33.
At the time of writing, GM’s regular shares were worth $35.32.