General Motors shares are trading higher after Citigroup maintained a Buy on the stock and raised its price target from $85 to $89.
Portfolio Pulse from Benzinga Newsdesk
General Motors' stock is trading higher following Citigroup's decision to maintain a 'Buy' rating on the stock and increase its price target from $85 to $89.
July 12, 2023 | 12:36 pm
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POSITIVE IMPACT
General Motors' stock is likely to experience a short-term positive impact due to Citigroup's maintained 'Buy' rating and increased price target.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, Citigroup's decision to maintain a 'Buy' rating and raise its price target for General Motors is likely to boost investor confidence, leading to a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100