General Motors (GM) PT Lowered to $50 at UBS

UBS analyst Joseph Spak lowered the price target on General Motors (NYSE: GM) to $50.00 (from $51.00) while maintaining a Neutral rating.

The analyst commented, "GM’s revised outlook was more or less inline with our view (post tariff clarity received earlier this week) and a bit better than buyside expectations. We do get the sense that GM likes to set targets that are achievable, so it’s possible there could be some upside to our new 2025 EPS forecast of $8.65 (towards lower half of $8.25-$10). But, that does depend on the market holding up in 2H. Further, the path for OEM outperformance over the mid-term still seems difficult given: 1) economic/consumer concerns, 2) a still higher cost structure than prior, 3) potentially more future calls on the cash for re-shoring footprint to the US. Further, assuming little elasticity as even though not raising pricing (flat from 1Q25 levels), it is a higher pricing assumption vs. prior with a similar unit volume. Also some investor concern as this pricing assumptions comes just as both F and STLA recently extended employee pricing. PT tweaked to $50, remain Neutral rated."

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