Wells Fargo Maintains Underweight on General Motors, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Underweight rating on General Motors (NYSE:GM) but increased the price target from $25 to $27.

November 30, 2023 | 2:17 pm
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Wells Fargo maintains an Underweight rating on General Motors, indicating a bearish outlook, but raises the price target from $25 to $27, suggesting a slightly more positive view on the stock's value.
The Underweight rating suggests that Wells Fargo analysts believe GM's stock may underperform the broader market or its sector. However, the increase in the price target could imply that the analysts see some positive factors that could support a higher valuation than previously estimated. The mixed message may lead to a neutral short-term impact on the stock as the market digests both the negative rating and the increased price target.
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IMPORTANCE 75
RELEVANCE 100