Wells Fargo Maintains Underweight on General Motors, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Underweight rating on General Motors (NYSE:GM) and lowered the price target from $33 to $29.
October 03, 2023 | 12:48 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Underweight rating on General Motors and lowered the price target from $33 to $29.
The lowered price target by Wells Fargo indicates a bearish outlook for General Motors. This could potentially lead to a decrease in the stock price in the short term as it may influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100