General Motors price target raised to $107 from $92 at RBC Capital

RBC Capital raised the firm’s price target on General Motors (GM) to $107 from $92 and keeps an Outperform rating on the shares after its Q4 earning beat. Commodity and onshoring headwinds could be offset by regulatory benefits, warranty improvements, narrowing EV losses, and lower tariffs resulting from USMCA negotiations, the analyst tells investors in a research note. The company is also well-positioned to navigate the EV demand slowdown while maintaining production flexibility to quickly scale if demand rebounds, RBC added.