Morgan Stanley raises General Motors to 'overweight'; shares up

Shares of General Motors GM.N rise about 2% to $77 premarket

Morgan Stanley upgrades rating to "overweight" from "equal-weight", lifts PT to $90 from $54

New PT shows an upside of 18.3% from the stock's last close

Brokerage says co's strong operational execution, tighter capital discipline, and a shift toward higher-margin trucks and SUVs position it for long-term growth

GM has "industry-leading U.S. inventory and incentive discipline," and reduced policy uncertainty could support its core business, says Morgan Stanley

Brokerage, however, lifts Ford F.N PT to $14 from $11

18 of 30 brokerages rate the stock "buy" or higher, 10 "hold" and 2 "sell" ; their median PT is $74- data compiled by LSEG

YTD, shares up 42.8%