General Motors price target raised to $35 from $32 at Morgan Stanley

Morgan Stanley analyst Adam Jonas raised the firm’s price target on General Motors to $35 from $32 and keeps an Equal Weight rating on the shares following GM‘s "strong" Q4 and above-consensus FY23 guidance. The firm raised its FY23 EPS forecast to $4.95 from $4.20 following the report, but stays on the sidelines as it waits for "a capital discipline story to emerge," the analyst tells investors.