GM Sees FY23 Adj. Automotive Free Cash Flow $7B-$9B, Up From Prior Outlook Of $5.5B-$7.5B
Portfolio Pulse from Bill Haddad
General Motors (GM) has revised its FY23 adjusted automotive free cash flow outlook upwards from $5.5B-$7.5B to $7B-$9B.
July 25, 2023 | 10:32 am
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POSITIVE IMPACT
GM's upward revision of its FY23 adjusted automotive free cash flow outlook could potentially boost investor confidence and positively impact its stock price in the short term.
The upward revision of GM's FY23 adjusted automotive free cash flow outlook indicates a positive financial performance. This could potentially boost investor confidence, leading to increased demand for GM's stock and a potential rise in its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100