RBC Capital analyst Tom Narayan raised the firm’s price target on General Motors (GM) to $86 from $77 and keeps an Outperform rating on the shares. The company delivered a record set of Q3 results, beating expectations and raising its FY25 EBIT guidance on tariff mitigation and cost discipline, the analyst tells investors in a research note. For FY26, RBC sees further upside from reduced tariffs, improved EV profitability, and potential USMCA benefits, the firm added.
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