General Motors Co.’s stock gained 0.8% in morning trade Thursday, after the automaker reached a deal to pay $900 million to settle criminal charges with the U.S. Justice Department related to the company’s handling of an ignition-switch defect. Analyst Michael Ward said the settlement was “lower than most had been expecting,” and removes what has been “an overhang for the stock” for more than a year. He reiterated his buy rating on the stock and his price target or $46, which is 46% above current levels. The stock has dropped 10% over the past year, while Ford Motor Co. shares have lost 6.4% and the S&P 500 has slipped 3%.
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