Deutsche Bank upgraded General Motors (GM) to Buy from Hold with a $60 price target into the Q4 report. The firm cites GM’s recent strategic moves in China and Cruise, its “consistent track record of execution,” and “aggressive” share buyback trajectory for the upgrade. While there are concerns about the cycle and potential policy changes under the new Trump administration, these risks are already well known and there’s room for positive surprises, the analyst tells investors in a research note. GM stock outperformed Ford (F) significantly in 2024, and 2025 could be “directionally similar,” contends Deutsche Bank.
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