RBC Capital analyst Tom Narayan lowered the firm’s price target on General Motors (GM) to $95 from $96 and keeps an Outperform rating on the shares. The company’s Q1 results were encouraging, with core execution ahead of expectations, even excluding the IEEPA tariff benefit, the analyst tells investors in a research note. The Super Cruise revenue stream is a growing and potential high-margin contributor that deserves more credit, RBC added.
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