GM Analysts Divided Over Automaker, Stock Falls
- Goldman cuts GM to sell with Ford seen taking truck share
- Robotaxi payback still far away, warns Consumer Edge Research
Chevy Silverado pickup trucks sit on display at a General Motors Co. dealership in Peoria, Illinois, U.S., on Wednesday, Aug. 1, 2012. The company's second-quarter results, GM’s 10th straight profitable quarter, were helped by continued profits in North America and Asia where sales have been growing.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
General Motors Co. analysts are squaring off into two camps, and it’s the pessimists who resonated in Monday’s market.
The automaker fell 2.8 percent to $43.37 at the close in New York, after earlier declining the most since February as at least two analysts began questioning whether its core auto business can sustain profits.