General Motors (GM) PT Lowered to $54 at RBC Capital
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Price: $86.77 +0.44%
Rating Summary:
28 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
28 Buy, 13 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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RBC Capital analyst Joseph Spak lowered the price target on General Motors (NYSE: GM) to $54.00 (from $58.00) while maintaining a Outperform rating.
The analyst comments "We lower our price/mix assumption for 2025 post Q2 conf call commentary. That said, GM's capital return strategy sets it apart from F/STLA. Finally, its inventory position is much better than peers and we think it entirely possible that it reduces its BEV targets for H2/24."
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