JPMorgan raised the firm’s price target on General Motors (GM) to $100 from $85 and keeps an Overweight rating on the shares. The firm upped 2026 estimates for Ford and General Motors well ahead of consensus to reflect stronger global production. It sees “billion dollar tailwinds” from reduced emissions compliance costs. JPMorgan expects GM’s and Ford’s 2026 guidance to benefit from eliminated penalties associated with incomplete compliance with U.S. federal corporate average fuel economy and greenhouse gas.
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