GM's Cruise exit turns focus on challenges of scaling robotaxis

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CFRA Downgrades General Motors (GM) to Sell

December 11, 2024 1:00 PM EST

CFRA analyst Garrett Nelson downgraded General Motors (NYSE: GM) from Hold to Sell with a price target of $45.00 (from $50.00).

The analyst comments "We lower our 12-month target by $5 to $45, based on a 2025 P/E of 4.5x, a steep but justified discount to historic averages. Last night, GM... More