Deutsche Bank upgraded General Motors (GM) to Buy from Hold with a $60 price target into the Q4 report. The firm cites GM’s recent strategic

General Motors' (GM) recent strategic moves to restructure its business in China and refocus its Cruise autonomous driving business should be tailwinds for the company's stock, Deutsche Bank said in a note emailed Tuesday.

General Motors (NYSE:GM) shares are getting a bump in early Tuesday trading after Deutsche Bank upgraded the stock for what it sees as the company’s “consistent track record of execution” which takes into account GM’s (NYSE:GM) recent decision on its floundering Cruise unit and restructuring of its Chinese operations to better suit the Chinese