Analysts: Pickup Penetration Will Benefit GM and 3 More Research Notes to Check Out
General Motors Co. (NYSE:GM): JPMorgan views the June SAAR and surge in full-size pickup penetration as significant positives for General Motors (as well as Ford). It keeps an Overweight rating on the shares, and prefers GM’s stock to Ford’s over the near and medium term.
Wolverine World Wide (NYSE:WWW): Susquehanna believes Wolverine World Wide shares are “priced for perfection,” and sees few catalysts for further multiple expansion at current levels. The firm raised its price target to $50 from $44 citing its PLG opportunity, but sees little upside to its estimates. It rates the stock at Neutral.
Greenbrier (NYSE:GBX): Susquehanna believes that Greenbrier’s Q3 results and guidance are disappointing, but that there its still value in the shares. The firm believes the company’s backlog build points to continued improvement in 2014, but notes that management execution will be important for any upside to be realized. The shares are rated at Positive, with a $28 price target.
Chipotle (NYSE:CMG): Argus has upgraded Chipotle to Buy from Hold, with a $430 price target, citing the recent pullback in shares and the company’s favorable earnings prospects.
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