Barclays raised the firm’s price target on General Motors (GM) to $77 from $73 and keeps an Overweight rating on the shares as part of a Q3 preview for the autos and mobility group. The firm continues to prefer the auto makers over suppliers. Barclays expects most of the sector to beat Q3 estimates but only “soft” guidance raises in an attempt to management expectations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GM:
- TSLA Stock: Daniel Ives Is ‘Disappointed’ by Tesla’s Lower Cost EVs
- General Motors (GM) Ditches Plan to Extend EV Tax Credit for Customers
- GM scraps plan to claim last-minute EV tax credits, Reuters reports
- OXY, GM, STLA: Trump Threatens to “Kill” Clean Energy in $12B Grants Cull
- Lithium Americas finalizes DOE loan amendments