Barclays cuts price targets of US auto companies

“We outline three global sales scenarios ... continued slow recovery, sales stall and double dip,” analysts at Barclays said in a note.
The brokerage said GM, Dana Holding, Lear Corp. and Tenneco continued to be its top picks because of their cash balances and exposure to BRIC countries.
With revised price targets, these stocks continue to have some of the largest upside potential within Barclays’ coverage in both a slow recovery or stalled sales scenario, the analysts said.