Why General Motors (GM) Is Gaining Today

NEW YORK (TheStreet) -- Shares of General Motors (GM) rose 2.1% to $40.41 Monday afternoon following a note from Sterne Agee and the announcement of Google's (GOOG) Android coming to cars.

Sterne Agee assigned a "buy" rating to the Flint, Mich.-based automaker, with a price target of $50, a week before the Detroit Auto Show. Sterne Agee's analysts estimate GM will earn $3.40 per share for all of 2013, with EPS growing to $4.65 in 2014 and $5.46 in 2015. 

Earlier Monday GM was included in the announcement of the Open Automotive Alliance, which aims to bring Google's Android operating systemto automobiles later this year. Other companies in the OAA include Audi, Honda (HMC), Hyundai, and Nvidia (NVDA).

TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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