Wells Fargo Maintains Underweight on General Motors, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an 'Underweight' rating on General Motors (NYSE:GM) and raised the price target from $32 to $33.
July 26, 2023 | 1:13 pm
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Wells Fargo has maintained an 'Underweight' rating on General Motors and raised the price target from $32 to $33.
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 $32 to $33 indicates a slightly more positive outlook. However, the impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100