Barclays Downgrades General Motors (GM) to Equalweight

Barclays analyst Dan Levy downgraded General Motors (NYSE: GM) from Overweight to Equalweight with a price target of $40.00 (from $70.00).

The analyst comments: "Our downgrade reflects the significant risk of near-term earnings pressure from tariffs, as we reduce our '25 EBIT estimate to $8.6bn from $14.4bn prior. While we see some mitigating actions, GM will nevertheless face pressure given nearly half of the vehicles it sells in the US are assembled outside of the US. GM also faces risk on its EV targets given its affordable EVs are made in Mexico. We modestly prefer Ford over GM given a higher mix of US-assembled vehicles, however Ford will also face clear tariff pressures and has a weaker financial position."

For an analyst ratings summary and ratings history on General Motors click here. For more ratings news on General Motors click here.

Shares of General Motors closed at $45.14 yesterday.

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