Jun 16, 2011
General Motors Co. (NYSE:GM) hired ad agency Jack Morton Thursday. Jack Morton, a unit of Interpublic Group of Cos. (NYSE:IPG) will move its offices to downtown Detroit to be closer to GM's headquarters. They are currently located in Troy, Michigan.
General Motors has a potential upside of 48% based on a current price of $28.95 and an average consensus analyst price target of $42.85. The company is currently below its 50-day moving average (MA) of $30.88 and below its 200-day MA of $33.40.
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