General Motors price target lowered to $65 from $75 at BofA

BofA analyst John Murphy lowered the firm’s price target on General Motors (GM) to $65 from $75 and keeps a Buy rating on the shares after GM lowered its 2025 outlook due to the impact of tariffs. GM is now guiding for adjusted EPS of $8.25-$10.00, down from a prior $11.00-$12.00, and now projects North America pricing to be up 0.5%-1% year-over-year versus prior guidance for down 1%-1.5% year-over-year, the analyst noted. The firm lowered its own estimates considering GM’s 2025 guidance, the impact of tariffs and potential offsets, and company commentary.