Barclays lowered the firm’s price target on General Motors to $37 from $42 and keeps an Equal Weight rating on the shares post the Q3 report. The analyst says sentiment is “depressed” amid the UAW strike and concerns of normalized pricing. Yet, the firm sees an attractive entry point. 2024 earnings estimates are facing negative revisions, but can still normalize above $6.00 per share, the analyst tells investors in a research note.
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