Evercore ISI analyst Chris McNally raised the firm’s price target on General Motors (GM) to $68 from $55 and keeps an Outperform rating on the shares. The firm models both Q3 upside with the company likely narrowing guide to the upper-end of both EBIT/EPS. GM’s strengths are well known in both sales/market-share and execution, while buyside has found the second half of the year “harder to model” post Q2’s confusing pricing/walk, Evercore adds.
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