General Motors price target lowered to $102 from $105 at Piper Sandler

Piper Sandler analyst Alexander Potter lowered the firm’s price target on General Motors (GM) to $102 from $105 and keeps an Overweight rating on the shares. The firm notes GM rose after beating Q1 estimates, surpassing the company’s FY26 North America EBIT margin target, and raising full year guidance. It’s important to note, Piper says, an IEEPA tariff adjustment accounted for the entirety of the $500M guidance raise, adding 1.5 points to GMNA’s Q1 EBIT margin. Stripping that out, Q1 EBIT margin would have been 8.6%, and FY26 guidance would likely have been maintained – not raised.