General Motors price target raised to $55 from $50 at Barclays

Barclays raised the firm’s price target on General Motors to $55 from $50 and keeps an Overweight rating on the shares. The firm downgraded its sector view for U.S. autos and mobility to Neutral from Positive. While car maker stocks should continue outperforming, cycle and electric vehicle risks remain, the analyst tells investors inn a research note. For suppliers, the firm believes the challenges of a flat LVP environment with customer mix and margin difficulties “poses a significant overhang, which may take time to clear.”