UBS Rev’s Up GM’s Rating

Originally Published In the News October 30, 2007 9:24 AM

The UBS upgrade of General Motors (GM-NYSE) from sell to buy is the best news to hit Detroit since the ‘67 Camaro first rolled down the assembly line. The recent union negotiations will lead to a dramatically different wage structure, and the new GM might just have increased operating leverage in their new financial model. Lower healthcare liabilities are a kicker, and skeptics might want to entertain the thought that this stock can work from these levels. Things might be looking up in the Motor City sooner rather than later.

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