General Motors sell-off ‘overdone,’ but hard to get overly positive, says UBS

UBS tells investors in a research note that Tuesday’s sell-off of GM shares appears to be “overdone,” and there is an opportunity to take advantage of what may have been a positioning based sell-off. The firm has a Neutral rating and $56 price target on the shares, says it is difficult to see how EBIT forecasts move materially higher without being reliant on more price, further tariff relief or benefits from emissions/EV policy changes.