GM Bankruptcy `Not Impossible,' Merrill Analyst Says

July 2 (Bloomberg) -- General Motors Corp. was cut to ``underperform'' from ``buy'' at Merrill Lynch & Co., citing a lower forecast for U.S. auto sales. Included are analysts' calls for Exxon Mobil Corp., VeraSun Energy, Reynolds American Inc., Brown-Forman Corp., UAL Corp., Raymond James Financial Inc., BJ's Wholesale Club Inc., Plains Exploration & Production Co., Wal-Mart Stores Inc. and Apria Healthcare Group Inc.