Barclays analyst Dan Levy raised the firm’s price target on General Motors (GM) to $100 from $85 and keeps an Overweight rating on the shares. The firm adjusted targets in the autos and mobility group as part of a Q4 preview. Barclays continue to prefer the car markers, saying they are benefiting from “healthy” production rates and reduced electric vehicle losses.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GM:
- “We Couldn’t Find a Way to Compete…” Ford Stock (NYSE:F) Slips as Sedans May Make a Comeback
- UAW near deals with Stellantis and General Motors, CNN reports
- FDIC approves deposit insurance applications for Ford, GM banks
- GM Plans to Shift Buick Envision Production from China to U.S. and Phase Out Bolt EV
- GM plans to move Buick Envision production to Kansas from China, Bloomberg says