Credit Suisse Initiates GM Coverage With OP Rating, $43 Target

Credit Suisse is initiating coverage of General Motors Company GM with an Outperform rating and 12-month price target of $43. “After a quick stint in bankruptcy, the primary outcome of which was a balance-sheet cleansing and the installation of new management and Board, we think GM offers an attractive 12-18 month investment opportunity,” Credit Suisse writes.