"Big 3" carmakers face "tough choices" to hit inventory targets - Wells Fargo

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Evercore ISI Reiterates Outperform Rating on General Motors (GM)

October 22, 2024 7:46 AM EDT

Evercore ISI analyst Chris McNally reiterated an Outperform rating and $55.00 price target on General Motors (NYSE: GM).

The analyst comments "PM Summary GM comes up BIG AGAIN Q3 with $2.96 EPS vs cons $2.45 (EBIT of $4.1Bn vs our/cons $3.7Bn/$3.4Bn on $300-400MM NA beat) with solid upper-end raise to FY EBIT/EPS as well ($14-15Bn EBIT; $10-10.50 EPS) & a whopping $2-3Bn FCF raise to $12.5-$13.5Bn. Expectations we believe... More