General Motors (GM) April weekly 42 straddle into quarter results

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Go back to General Motors (GM) April weekly 42 straddle into quarter results

General Motors (GM) PT Raised to $60 at JPMorgan

April 24, 2024 6:19 AM EDT

JPMorgan analyst Ryan Brinkman raised the price target on General Motors (NYSE: GM) to $60.00 (from $58.00) while maintaining a Overweight rating.

The analyst comments "We are raising our estimates and price target, and reiterating our Overweight rating on GM shares after the automaker on Tuesday reported solidly better 1Q results (featuring easily higher EBIT, cash flow, and EPS than the Street was looking for), while at the same time further raising 2024 guidance that was already far above the Street. Looking more closely at the quarter... More

General Motors (GM) stock gains after raising full-year guidance

April 23, 2024 6:49 AM EDT

General Motors (NYSE: GM) reported a robust first quarter in 2024, with earnings and revenue surpassing Wall Street expectations and the company raising its full-year guidance. The automaker announced an adjusted EPS of $2.62, which was $0.50 higher than the analyst estimate of $2.12. Revenue for the quarter was also strong at $43.01 billion, exceeding the consensus estimate of $40.67 billion and marking an 8% increase YoY.

Investors reacted positively to the news, with GM shares climbing 3.4% on the back of... More