General Motors price target raised to $78 from $60 at Argus

Argus analyst Bill Selesky raised the firm’s price target on General Motors (GM) to $78 from $60 and keeps a Buy rating on the shares. The firm cites the company’s Q3 earnings beat and guidance raise, which “speaks volumes” for how well-managed and nimble the company is even considering tariff challenges and “ever-changing” trade policy legislation, along with economic uncertainties, the analyst tells investors in a research note. GM will be able to continue managing its way through all the challenges in the current environment and emerge as a stronger company in the long term, the firm added.