This week, we look at the ramifications of a vote on a third tentative agreement by striking workers at Volvo Trucks North America We also revisit patents and make bank with Hyliion Holdings founder and CEO Thomas Healy.
In an increasingly competitive space, Cowen Equity Research has initiated coverage of Electric Last Mile Systems (ELMS) with an outperform rating, setting a per-share price target of $14.
General Motors Company (NYSE: GM) shares are trading higher after Wedbush initiated coverage on the stock with an Outperform rating and announced an $85 price target.
Pre-open movers
U.S. stock futures traded higher in early pre-market trade ahead of the release of wholesale inventories data. The Dow Jones closed lower by more than 250 points on Thursday after jobless claims unexpectedly rose in the latest week.
General Motors Co (NYSE: GM)’s sharp focus on the switch to electric vehicle rollout is being noticed by Wall Street investors and the Detroit-based legacy automaker could trade at multiples similar to Tesla Inc.