UBS analyst Joseph Spak raised the firm’s price target on General Motors (GM) to $105 from $102 and keeps a Buy rating on the shares. A positive outlook on GM ahead of earnings is driven by the potential for a beat and results at the high end of guidance, supported by IEPPA benefits and underlying trends that appear solid even excluding them, the analyst tells investors in a research note. Concerns about volumes in the second half of 2026 are limited, particularly given reasonable inventory levels, UBS adds.
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