"Alanis Morissette Ironic" Category Research Report Nominee: Citi Cuts GM Target Price to $0.50

Not a lot of commentary needed here although the shout out to Gasparino by analyst Itay Michaeli deserves at least 10 brownie points. One can only imagine if GM had a research department what they would have to say about Citi's stock price target. But it would probably look like this, taken verbatim from the GM report:

"Given GM’s [CITI's] complex restructuring and Chapter 11 risk, valuing the stock remains very fluid. We value the shares off an out of court workout simulation consistent with GM’s [CITI's] 2012 plan."

GM Citi - Free Legal Forms