General Motors price target raised to $60 from $55 at Barclays

Barclays raised the firm’s price target on General Motors to $60 from $55 and keeps an Overweight rating on the shares post the Q1 report. The results cleared high ingoing expectations and reinforce why GM is Barclays’ favored long, the analyst tells investors in a research note. The firm says GM’s buyback story continues as it is increasingly prioritizing shareholder returns amid the electric vehicle slowdown.