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Benzinga
Benzinga
Business
Adam Eckert

Why General Motors Shares Are Falling Today

General Motors GM Adam Jonas Morgan Stanley General Motors Co NYSE

General Motors Co (NYSE:GM) is trading lower Tuesday after Morgan Stanley analyst Adam Jonas downgraded the stock from an Overweight rating to an Equal-Weight rating and lowered the price target from $75 to $55.

The downgrade was "triggered by a lower than expected 2022 guide," Jonas wrote in a note to clients.

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