How Will General Motors (GM) Stock Respond To This Analyst Downgrade?

NEW YORK (TheStreet) -- Shares of General Motors  (GM) are down -1.37% to $35.25 in pre-market trading after the auto company was downgraded to "hold" from "buy" at Deutsche Bank (DB) citing its deceleration in contribution margins for the change in rating.

The firm kept its price target of $41.

General Motors reported an 80% drop in second quarter profit due to recalls yesterday, and said it expects to spend an additional $400 million to compensate those killed or injured by defective ignition switches.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


GMM.U ChartGMM.U data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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