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Reuters: GM equity may be wiped out: Credit Suisse

Started by chris, December 22, 2008, 06:59:18 PM

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chris

GM equity may be wiped out: Credit Suisse
      


BANGALORE (Reuters) - General Motors Corp's  equity may be largely if not entirely wiped out as it complies with the restructuring targets laid out in the federal auto bailout, an analyst at Credit Suisse said as he cut his price target to $1 and rating to "underperform."<div class="feedflare">
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