Is General Motors Stock Going to $53? One Wall Street Analyst Thinks So.

General Motors shareholders have crushed the market this year.It's been one year since the United Auto Workers went on strike, affecting the Big Three U.S. automakers. Since that work stoppage ended on Oct. 30, the stock of General Motors (GM -1.72%) has soared by nearly 75%.That's about the right level for GM stock right now, according to Bernstein analyst Daniel Roeska. In a new report, Roeska lowered his rating on the stock from the equivalent of a buy to a hold and reduced his firm's price target to $53 ...