GM's Cruise to begin testing autonomous vehicles in California
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General Motors cut at Bernstein on rising earnings headwinds
September 23, 2024 7:19 AM EDTBernstein downgraded General Motors (NYSE: GM) from Outperform to Market-Perform in a note Monday, citing rising earnings headwinds and potential capital requirements.
According to the firm, GM's stock has surged by 85% since November 2023, thanks to strong North American performance and aggressive shareholder returns, including a $10 billion accelerated share repurchase (ASR) in late 2023 and an additional $6 billion buyback in mid-2024.
"Our data... More
Bernstein SocGen Group Downgrades General Motors (GM) to Market Perform, 'Let's Wait and See'
September 23, 2024 5:38 AM EDTBernstein SocGen Group analyst Adrian Yanoshik downgraded General Motors (NYSE: GM) from Outperform to Market Perform with a price target of $53.00.
The analyst comments "GM shares have appreciated +85% since last November, but now our data signals rising earnings headwinds, and we think there is a risk the company will announce additional... More
BofA Securities Reiterates Buy Rating on General Motors (GM)
September 20, 2024 9:35 AM EDTBofA Securities analyst John Murphy reiterated a Buy rating and $85.00 price target on General Motors (NYSE: GM).
The analyst comments "On 10/8/24, GM will host an Investor Day in Spring Hill, TN, where GM builds several SUV models including the Cadillac... More
