General Motors price target raised to $62 from $54 at RBC Capital

RBC Capital analyst Tom Narayan raised the firm’s price target on General Motors (GM) to $62 from $54 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 for global automaker OEMs. Sentiment for U.S. autos continues to be negative, with OEMs absorbing tariffs in Q2, though starting in Q3, pricing offsets will ramp up dealer inventories and pressure vehicle sales, especially given tariff pre-buy in the first half of 2025, the analyst tells investors in a research note. For the company, consensus appears to be too high on Q2 numbers as tariff offsets will only come in the second half, though for FY26, consensus may be “too low”, RBC added.