CFRA Upgrades General Motors to Sell, Maintains $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
CFRA analyst Garrett Nelson has upgraded General Motors (NYSE:GM) from Strong Sell to Sell, while maintaining a $28 price target.
October 04, 2023 | 10:22 am
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NEGATIVE IMPACT
General Motors has been upgraded from Strong Sell to Sell by CFRA, with a maintained price target of $28.
The upgrade from Strong Sell to Sell indicates a slightly improved outlook for GM, but the maintained price target of $28 suggests that CFRA still sees downside risk. This could potentially put downward pressure on GM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100