General Motors Company downgraded by Zacks Investment Research to strong sell.
Zacks Investment Research note
“General Motors underperformed the industry it belongs to over the last six months. Also, over the past 30 days, both its second-quarter and full year earnings estimates have declined. General Motors expects weak used car pricing, a challenging pricing environment in the U.S. and China as well as more pressure on commodity costs in 2017. Also, the company’s decision to halt sale of cars in India, sale of its South African business and streamlining the Singapore office, is a downside to it. Also, a high inventory level of passenger cars is a concern before it. Moreover, the company has been forced to scale down or shut its manufacturing operations in some regions due to production constraints such as high costs and unfavorable currency translation effects.” (7/24/2017)