J.P. Morgan Maintains Overweight on General Motors

J.P. Morgan is out with its report today on General Motors GM, maintaining Overweight. In its report, J.P. Morgan writes, "We rate GM shares Overweight as the company offers considerable medium-term opportunities with its product cycle in most regions at near trough levels, a sound balance sheet that will likely be delevered further by 2013, high exposure to the fastest growing auto regions (U.S. and BRIC), and room for an operating margin runway in NA." J.P. Morgan maintains its $42 PT on GM. At the time of posting, shares of GM were trading pre-market at $25.25, down 4.03% from Friday's close.