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Friday, 28 September 2012 06:17

Analyst currently rating GM stock as "hold"

A Wall Street analyst says he's waiting to see what pans out for GM's future with looming cuts in labor Europe and the public's response to new models before changing his rating of GM stock from "hold" status. Stifel Nicolaus analyst James Albertine tells investors that GM is a leader in a multi-year auto industry restructuring and turnaround. He says he is waiting on news of whether GM's sales growth can keep up with the market in the U.S. before recommending whether to buy or sell the company's stock.