Deutsche Bank Reports On GM Meetings

Deutsche Bank has issued a report following meetings with the CFO of General Motors GM. According to the report, “Among the most noteworthy new takeaways for us were indications that GM has begun to assess potential opportunities that may develop as a result of industry supply constraints (we believe that Japanese dealer inventories will decline materially over the next few months).” GM has a Buy Rating and a $45 Price Target. GM closed yesterday at $32.31 a share.