Mizuho analyst Vijay Rakesh raised the firm’s price target on General Motors (GM) to $58 from $53 and keeps an Outperform rating on the shares. The firm sees the U.S. rollback of China tariffs as a positive for macro demand and electric vehicle parts imports, but says lower EV subsidies in U.S. “are a challenge.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GM:
- Option traders moderately bearish in General Motors (GM), with shares down $-0.18 (-0.36%) near $50.28
- U.S. Auto Stocks General Motors (GM) and Ford (F) Diverge on Capital Efficiency
- “Groundbreaking” New Battery Technology Sends General Motors Stock (NYSE:GM) Up
- General Motors, LG Energy to pioneer LMR battery cell technology
- GM names Aurora co-founder Sterling Anderson as Chief Product Officer
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue