General Motors (GM) PT Raised to $52 at Jefferies

Jefferies analyst Philippe Houchois raised the price target on General Motors (NYSE: GM) to $52.00 (from $46.00) while maintaining a Hold rating.

The analyst comments "Post results we make minor adjustment to P&L estimates with adj EBIT raised/EPS +1%/2% to $14.6bn/$10.18 but a more meaningful bump to "adjusted FCF" to $13bn which supports another $5bn share buy-backs. We missed entry points into GM over the last 12 months but see the stock as a relative safe haven in either Trump or Harris White House set-up. PT raised to $52 ($46) on a combination of earnings strength, balanced powertrain strategy and share count."

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