Tariffs ding Detroit automakers' profit forecasts, stocks hit
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General Motors (GM) PT Lowered to $49 at RBC Capital
July 26, 2018 7:57 AM EDTRBC Capital lowered its price target on General Motors (NYSE: GM) to $49.00 (from $53.00) while maintaining an Outperform rating.
Analyst Joseph Spak said while they understand negative stock reaction they see good valuation support and LT opportunity.
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