Yesterday the price of GM stock
was up $1.05 or 4.46 percent on news that Deutsche Bank analyst Rod Lache had raised his rating on the stock up to "hold" from "sell". Why the change of heart? Monday's announcement
had broke a five-quarter losing streak with a Q1 2006 earning of $445 million was responsible. The sudden gush of black ink in the books was a result of GM's health-care settlement with Delphi, reportedly worth $681 million, being excluded from the company's balance sheet.
Analysts aren't yet bullish on GM, however, with some still giving the automaker a 30-percent change of bankruptcy.