General Motors (GM) Tops Q2 EPS by 63c, Offers Guidance

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Citi Defends General Motors (GM), Stock Reaction 'Appears Excessive'

August 4, 2021 3:50 PM EDT

Citi analyst Itay Michaeli reiterated a Buy rating and $90.00 price target on General Motors (NYSE: GM) following results and the sell-off in the stock. The analyst said the stock reaction "appears excessive."

The analyst commented, "While the Q2 messaging clearly couldve been better, our... More