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EFTA02344660

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es on =2/9/2010 cost basis 36.77 stock=37.77 this am unrealized gain 97,525 morgan below has target =f 42 Richard =ahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel =12-971-1306 fax 212-320-0381 cell =17-414-7584 Begin forwarded message: From: =/b>"Morgan Stanley" <ms

ad =eport = =/div> =/td> = = <http://www.morganstanley.com/img/cs/spacer.gif> General =otors Company: Making GM Our Top Pick, Price Target to $42 Adam Jonas, CFA — Morgan =tanley January 25, 2017 5:02 AM =MT We make =M our top pick in US autos as we update our model following =anagement's 2017 guidance

EFTA02350788

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ject: Fwd: General Motors Company: 4Q16 Sets a Strong Base for Structural Change: Reiterate GM as Top Pick Richard =ahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 tel fax cel Begin forwarded message: From: =/b>"Morgan Stanley" Subject: =/b>General Motors =ompany: 4O16

= <http://www.morganstanley.com/img/cs/spacer.gif> General =otors Company: 4Q16 Sets a Strong Base for Structural Change: Reiterate =M as Top Pick Adam Jonas, CFA — Morgan =tanley February 7, 2017 2:06 PM =MT GM =osted an 18% beat vs. our Adj. EBIT ests, driven by NA and Europe. =ther regions in line. GM

EFTA02350856

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