NEW YORK (TheStreet) -- Shares of General Motors Co. (GM) were gaining, up 1.2% to $36.24 in late morning trading Thursday, after the automaker had its rating increased by analysts at Morgan Stanley this morning.
Analysts at the firm upgraded GM to "equal weight" from "underweight" with a $28 price target.
Morgan Stanley noted that various market forces could push the car company to consider more radical strategic changes, following its flat share price performance year-to-date.
Analysts added that they believe GM's response to industry trends collaborations could result in increased dialogue with investors over the next few quarters.
Detroit, Mich.-based General Motors designs, build and sell cars, trucks and automobiles parts globally.
Separately, 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 multiple strengths, 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 increase in net income, impressive record of earnings per share growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel its strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: