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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16568521" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>General Motors a clear pick over Ford at Morgan Stanley</strong></span></p><p>Jan. 29, 2021 8:55 AM ET<a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AGM" target="_blank">General Motors Company (GM)</a><a href="https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Clark Schultz</a>, SA News Editor<a href="https://seekingalpha.com/news/3656163-general-motors-a-clear-pick-over-ford-at-morgan-stanley#comments" target="_blank">18 Comments</a></p><ul> <li data-xf-list-type="ul">Morgan Stanley prefers General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">GM</a>) to Ford (NYSE:<a href="https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">F</a>) even as it says the market may be ascribing zero or even negative value for ICE-derived revenues at the two Detroit automakers, while also undervaluing the electric vehicle opportunity.</li> <li data-xf-list-type="ul">The firm keeps an Overweight rating on GM, while dropping Ford to an Underweight rating from Equal Weight with its sum-of-the-parts value far less.</li> <li data-xf-list-type="ul">Analyst Adam Jonas explains in detail: "Our revised DCF and SOTP composition through the 2030 horizon factors in greater caution on our ICE forecasts for both companies, while increasing the value of the EV and AV-related businesses for each. For GM, the offset of the negative ICE adjustments and positive EV adjustments drives an increase in our price target to $80, suggesting over 50% upside. For Ford, our adjustments are substantially offsetting. This, combined with the recent run-up in the stock (which has kept pace with GM YTD) offers more than 20% downside to our price target."</li> <li data-xf-list-type="ul">Ford is down 1.68% in premarket action. GM is up 0.20% premarket to cap off a very strong week off <a href="https://seekingalpha.com/news/3655717-gms-electric-push-to-set-off-sparks-across-the-electric-vehicle-sector?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">more electrification buzz</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16568521, member: 137766"] [size=6][b]General Motors a clear pick over Ford at Morgan Stanley[/b][/size] Jan. 29, 2021 8:55 AM ET[URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AGM']General Motors Company (GM)[/URL][URL='https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Clark Schultz[/URL], SA News Editor[URL='https://seekingalpha.com/news/3656163-general-motors-a-clear-pick-over-ford-at-morgan-stanley#comments']18 Comments[/URL] [LIST] [*]Morgan Stanley prefers General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']GM[/URL]) to Ford (NYSE:[URL='https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']F[/URL]) even as it says the market may be ascribing zero or even negative value for ICE-derived revenues at the two Detroit automakers, while also undervaluing the electric vehicle opportunity. [*]The firm keeps an Overweight rating on GM, while dropping Ford to an Underweight rating from Equal Weight with its sum-of-the-parts value far less. [*]Analyst Adam Jonas explains in detail: "Our revised DCF and SOTP composition through the 2030 horizon factors in greater caution on our ICE forecasts for both companies, while increasing the value of the EV and AV-related businesses for each. For GM, the offset of the negative ICE adjustments and positive EV adjustments drives an increase in our price target to $80, suggesting over 50% upside. For Ford, our adjustments are substantially offsetting. This, combined with the recent run-up in the stock (which has kept pace with GM YTD) offers more than 20% downside to our price target." [*]Ford is down 1.68% in premarket action. GM is up 0.20% premarket to cap off a very strong week off [URL='https://seekingalpha.com/news/3655717-gms-electric-push-to-set-off-sparks-across-the-electric-vehicle-sector?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']more electrification buzz[/URL]. [/LIST] [/QUOTE]
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