Wells Fargo Maintains Underweight on General Motors, Raises Price Target to $32
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Colin Langan has maintained an 'Underweight' rating on General Motors (NYSE:GM) and raised the price target from $30 to $32.

July 10, 2023 | 3:33 pm
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Wells Fargo has maintained an 'Underweight' rating on General Motors and raised the price target from $30 to $32.
The news is directly related to General Motors. While the 'Underweight' rating suggests that the analyst believes the stock may underperform, the increase in price target from $30 to $32 indicates a slightly more positive outlook. However, the overall impact on the stock price in the short term is likely to be neutral as the market has already factored in the analyst's rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100