General Motors price target raised to $67 from $58 at Mizuho

Mizuho raised the firm’s price target on General Motors (GM) to $67 from $58 and keeps an Outperform rating on the shares. The firm increased estimates in the autos space, saying U.S. tariffs should have a minimal impact on new vehicle prices. In addition, August U.S. electric vehicle sales were up 17% year-over-year as consumers look to cash in before the Inflation Reduction Act credits end, the analyst tells investors in a research note.