General Motors results beat targets, forecast raised, shares jump
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General Motors (GM) PT Raised to $60 at JPMorgan
April 24, 2024 6:19 AM EDTJPMorgan 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
Deutsche Bank on General Motors (GM): 'Strong Start to 2024; Pricing and EV Remain Key'
April 24, 2024 6:16 AM EDTDeutsche Bank analyst Emmanuel Rosner reiterated a Hold rating and $50.00 price target on General Motors (NYSE: GM).
The analyst comments "GMs stock price jump yesterday, in our view, reflects a deserved positive reaction to the companys Q1 beat, as well as upward guidance revision. Importantly, management pointed to better Q2 Ebit sequentially driven mainly by volume and recovery in GMI, both in China and outside of China q/q, offset by some pricing weakness, though not seen thus far in April. We note that based on the companys updated guidance... More
General Motors (GM) PT Raised to $30 at Wells Fargo
April 24, 2024 5:42 AM EDTWells Fargo analyst Colin M. Langan raised the price target on General Motors (NYSE: GM) to $30.00 (from $28.00) while maintaining a Underweight rating.
The analyst comments "We raise our 2024E EPS from $4.45 to $5.00 to reflect the Q1 beat partially offset by our lower... More
