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General Motors price target raised to $48 from $47 at RBC Capital

RBC Capital analyst Tom Narayan raised the firm’s price target on General Motors to $48 from $47 and keeps an Outperform rating on the shares. The company posted “solid” fundamentals with EBIT upside amid strong price/mix dynamics and share gains while also noting that the UAW impact is “manageable”, the analyst tells investors in a research note. The delay in General Motors’ near term EV roadmap could be more driven by supply issues, the firm added.

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