Watching your company's CEO get hauled before Congress for a televised grilling never inspires confidence.
The recall scandal swirling around General Motors (GM) is clearly dragging down investor sentiment. It's also done real damage to the GM brand, cost the auto maker millions of dollars and opened it up to serious litigation risk.
Related: GM's steps to a recall nightmare
Yet Wall Street and consumers are telling a different story.
Fueled by strong SUV and Buick sales, GM had its best June in seven years, with sales ticking up 1% despite the recall controversy.
And about 70% of analysts covering GM have slapped a "buy" rating on the stock, compared with just 10% advising clients to sell. The average price target of $43.94 suggests Wall Street believes the stock has room to run.
