Wolfe Research Upgrades General Motors (GM) to Outperform
Wolfe Research analyst Emmanuel Rosner upgraded General Motors (NYSE: GM) from Peerperform to Outperform with a price target of $96.00.
The analyst comments "We upgrade GM to Outperform from Peer Perform, with a $96 target price. While 2026 could see small additional step-up in raw mats, investors may be underappreciating the magnitude of potential tailwinds into 2027. Those include the upcoming FS Pickup refresh (est $1.7 bn), further reduction in warranty, lower net tariff burden, and further improved EV losses. Altogether, we model 2026/27 EPS of $12.37 / $16.03. Applying GM’s recent average 6x forward P/E translates to a $96 target price (with growing Software & Services revs justifying pot’l multiple upside LT)."
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Shares of General Motors closed at $76.57 yesterday.