General Motors Co. [s:] shares were upgraded to outperform from neutral at Credit Suisse based on the bank’s belief that strong free cash flow will continue for longer than expected. The bank raised the price target on the stock to $38 from $37. Analysts believe the company is positioned to outdo its peers when When the global auto cycle experiences a downturn. Credit Suisse said in a note published Monday the management team is making the company more efficient, which will keep fixed costs in check and drove more than 100 basis points in margin expansion in 2015. One basis point is equal to 0.01%. GM shares are up 1.3% in morning trading, but down 16% for the past 12 months. The S&P is down 6% for the past 12 months.
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