General Motors price target raised to $57 from $55 at RBC Capital

RBC Capital analyst Tom Narayan raised the firm’s price target on General Motors (GM) to $57 from $55 and keeps an Outperform rating on the shares. The company’s revised FY25 guidance presents a worst case scenario where it absorbs 100% of tariffs as currently implemented, the analyst tells investors in a research note. Korea imports are the biggest obstacle, but its very likely that a deal could be struck where tariff levels with Korea come down, RBC adds.