GM shares drop 7.8% despite record pre-tax profit, improved outlook
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Citi Defends General Motors (GM), Stock Reaction 'Appears Excessive'
August 4, 2021 3:50 PM EDTCiti 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
