BofA analyst John Murphy lowered the firm’s price target on General Motors (GM) to $62 from $65 and keeps a Buy rating on the shares following Q2 results that came in better than the Street’s expectations. GM maintained its guidance, but the second half if expected to be weaker than the first and the firm revised its own estimates as it now expects Q4 to be “the weakest in 2025,” the analyst tells investors in a post-earnings note.
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