GM escalates the electric vehicle arms race

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General Motors (GM) News Supports $100+ Stock - Citi

June 16, 2021 11:05 AM EDT

Citi analyst Itay Michaeli reiterated a Buy rating and $90.00 price target on General Motors (NYSE: GM) after the company raised H121 EBIT-adj. guidance to $8.5-9.5bln, and announced an EV/AV acceleration. The analyst said the news supports their view that the stock could see >$100 LT upside potential.

The analyst commented,... More