'Top Pick' General Motors (GM) PT Raised to $132 at TD Cowen

TD Cowen analyst Itay Michaeli raised the price target on General Motors (NYSE: GM) to $132.00 (from $126.00) while maintaining a Buy rating.

The analyst commented: "Four Reasons Why Risk/Reward Remains Compelling Here; GM remains our Top Pick after another beat/raise. We lift estimates and take our PT to $132, which we still regard as conservative at a ~9% '27E FCF yield. The case for multiple expansion has never been stronger, 2027 comments support our >consensus estimates, the 2028 growth picture is starting to form and the mix of high-margin/recurring revenue is growing nicely with a lengthy runway ahead."

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