Wells Fargo raised the firm’s price target on General Motors (GM) to $59 from $57 and keeps an Underweight rating on the shares. The firm says shares are up 1% despite a beat and full year guide raise on IEEPA. There was limited color on the “go-get” needed to offset $0.5B in raw mats, and rest of the year guide implies $1B in year-over-year EBIT despite a $3B in cost.
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