General Motors (GM) PT Raised to $47 at BMO Capital

BMO Capital analyst Richard Carlson raised the price target on General Motors (NYSE: GM) to $47.00 (from $41.00) while maintaining a Outperform rating.

The analyst comments "GM’s initial 2019 guide was well above expectations, largely driven by its strong product lineup, cost-cutting initiatives, and a relatively healthy industry outlook (particularly in the U.S.). We are raising our EPS estimates materially, which on the same valuation approach takes our price target up to $47 from $41. We reiterate our Outperform rating and continue to believe the market isn’t fully appreciating the value from GM Cruise or the significant progress management has made in positioning GM for long-term success while also improving its cyclical resilience."

You May Also Be Interested In

• Matador (MTDR) PT Raised to $66 at Truist Securities
• Livanova (LIVN) PT Raised to $120 at Jefferies
• SharkNinja (SN) PT Raised to $300 at Jefferies