General Motors price target raised to $55 from $50 at Jefferies

Jefferies raised the firm’s price target on General Motors (GM) to $55 from $50 and keeps a Hold rating on the shares. Unlike Ford (F), which the firm says “could surprise on strategy,” the firm sees “more limited room to maneuver” for GM, though it believes the company should continue to deliver on free cash flow and buybacks, the analyst tells investors. The firm sees GM’s North America share recovering to about 8% by 2027, the analyst added.