General Motors (GM) Earnings Potential is Being Underestimates by the Street - Citi

February 9, 2022 7:36 AM EST
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Price: $31.76 --0%

Rating Summary:
    24 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 12 | New: 10
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Citi analyst Itay Michaeli reiterated a Buy rating and $100.00 price target on General Motors (NYSE: GM) on the belief that he company has earnings growth

The analyst stated "GM not over-earning this year, but is actually quite likely under-earning. What’s the street missing? That GM actually has fairly easy relative price/mix comps due to being in the lower point of its product cycle. We estimate this opportunity is worth ~$3bln over the coming years. And our latest assessment of GM’s Truck & Non-Truck franchises suggest that Non-Truck alone is in aggregate under-earning by >$5bln—with that turnaround likely driven by EVs (with connectivity/L2+).

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 $49.46 yesterday.

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