Morgan Stanley Reports On GM Status

Morgan Stanley has issued a report on their perception of the status of General Motors GM. According to the report, "You might think that a sharp drop in US market share and falling behind Ford in US sales volume last month may be adding insult to injury. We disagree. Here's why: Significantly improved pricing in March… 1Q production looks robust… Mix holding up well… Supply disruption not significantly affecting US sales outlook as yet." GM has an Overweight Rating and closed Friday at $31.03 a share.