UBS maintained a Buy rating on General Motors (NYSE: GM), and cut the price target to $48.00 (from $49.00), following an investor day. GM reiterated its 10% N American margin & European profit targets. This supports their 2016 EPS target of $5.00-$5.50, the mid-point is above consensus of $5.11.

Analyst Colin Langan commented, "GM shares traded up only ~2% despite providing a solid financial outlook and highlighting opportunities for sales & margin growth. As we expected, GM reiterated its 10% N American margin & European profit targets. This supports their 2016 EPS target of $5.00-$5.50, the mid-point is above consensus of $5.11. GM also guided to double digit EPS growth over the next few years. More importantly, GM targeted FCF of $6-7bn/year in 2016-17 and $9-10bn/year post 2020, implying significant cash return to shareholders in the future. This would imply GM could buy back its market cap in less than 7 yrs. Today's Investor Day increases our confidence in GM's long-term growth, and we continue to see the valuation at <2.5x our 2016E EBITDA as compelling."

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 $30.67 yesterday.

Analyst Comments Analyst EPS Change Analyst PT Change

U.S. regulator extends diesel emissions probe to other car models: FTOctober 2, 2015 5:51 AM Market Wrap: U.S. Manufacturing Inched Higher in Sept.; Auto SAAR at Decade-High Levels; Tyler Tech Makes Key PurchaseOctober 1, 2015 5:25 PM GM's CFO moves toward a higher profile role October 1, 2015 5:24 PM U.S. Auto SAAR Rose to 18.17M in Sept.; Light-Vehicle Sales Increased 15.8% (F) October 1, 2015 3:28 PM UAW rejects Fiat Chrysler contract; strikes loomOctober 1, 2015 12:10 PM Mobileye (MBLY) Gains as GM Highlights Autonomous Car Push on CallOctober 1, 2015 11:20 AM GM has 'heightened partnership' with Mobileye for autonomous carsOctober 1, 2015 11:12 AM GM says will announce new technology co-development with Honda October 1, 2015 11:03 AM GM to launch citywide car sharing service in U.S. in early 2016October 1, 2015 10:54 AM Rainbow PUSH & Chevrolet Launch National Financial Literacy CampaignOctober 1, 2015 10:41 AM GM Unveils 'Let's Drive NYC' Car-Sharing ProgramOctober 1, 2015 10:15 AM Cheap gas, Labor Day weekend drive automakers' U.S. sales in SeptOctober 1, 2015 9:53 AM General Motors (GM) U.S. Sales Rose 12% in Sept.; Retail Deliveries Increased 17%October 1, 2015 9:20 AM General Motors (GM) Announces Plan to Capitalize on Future of Personal MobilityOctober 1, 2015 9:03 AM GM Outlines Plans to Capitalize on Future of Personal MobilityOctober 1, 2015 9:02 AM China activity surveys show economic conditions deteriorating, not crashingSeptember 30, 2015 9:18 PM Auto union skids toward clashes with Detroit Three over paySeptember 30, 2015 6:03 PM General Motors (GM), Navistar (NAV) Enter Agreement for Commercial Vehicle Development, AssemblySeptember 30, 2015 9:03 AM Rainbow PUSH & Chevrolet Launch National Financial Literacy CampaignSeptember 30, 2015 9:01 AM GM And Navistar Reach Commercial Vehicle AgreementSeptember 30, 2015 9:01 AM China tax cut on small cars seen lifting sales, VW to benefitSeptember 30, 2015 2:41 AM