BofA lowered the firm’s price target on General Motors (GM) to $61 from $62 and keeps a Buy rating on the shares. Both Ford (F) and GM consensus estimates have trended higher since Q2 earnings, notes the analyst, who remains more positive than consensus on GM with a Q3 EBIT forecast that is 3.5% above consensus. However, the firm notes that it revised down its 2026 estimates for GM based on lower expected North America volumes.
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