General Motors downgraded to "underperform"

08/14/06 - Bear Stearns

NEW YORK, August 14 (newratings.com) - Analysts at Bear Stearns downgrade General Motors (GM) from "peer perform" to "underperform."

In a research note published this morning, the analysts mention that the company’s turnaround has till date been cost-driven. Investors are now likely to focus on General Motors’ products and revenues, the analysts say. General Motors’ share price has appreciated significantly and most of the good news is now behind the company, Bear Stearns believes.