Monday, November 10, 2008

Deutsche Bank downgraded General Motors Corp. to sell from hold, with a price target of $0

Deutsche Bank downgraded General Motors Corp. to sell from hold, with a price target of $0


Deutsche Bank downgraded General Motors Corp. to sell from hold, with a price target of $0, saying the car maker may not be able to fund its U.S. operations beyond December without government intervention


I think this is the first time I have seen a price target of zero on a stock. Wow that is amazing. I do however think that the US government will bail out GM and other auto makers.

http://www.marketwatch.com/news/story/deutsche-bank-views-gm-shares/story.aspx?guid={5BBC7AEE-1D84-40F6-95E2-241FB03C17EC}&dist=msr_8

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