JPMorgan says General Motors ‘is on a roll’ after Q3 beat

JPMorgan analyst Ryan Brinkman reiterates an Overweight rating on General Motors (GM) saying the company reported “materially better” Q3 results, which were once again led by its core North American operations. The unit is benefitting from stronger than expected industry pricing and stronger pricing for GM vehicles relative to the industry, on account of the company’s competitive product portfolio that is also driving higher retail market share, the analyst tells investors in a research note. JPMorgan believes GM “is on a roll, with disciplined execution of its go-to-market strategy and seemingly differentiated visibility into its own cost structure relative to its closest investment peers.” It reiterates an Overweight rating on the shares. GM in premarket trading is up 2% to $50.06.