General Motors (GM)

General Motors (GM) was upgraded today to Conviction Buy at Goldman Sachs.  Some poke fun of the CV designation as they mock it implies GS doesn’t have conviction on their other Buy ratings but I think what GS is trying to do with the designation is denote timeliness.  Something on CV is likely far from its price target and also likely or able, in GS’ mind, to move in that direction relatively quickly.  At least that is my take.  In that same light GS quoted near term catalysts for the reason for the upgrade including the potential for a dividend…