Wedbush Maintains Outperform on General Motors, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has maintained an Outperform rating on General Motors (NYSE:GM) but has reduced the price target from $46 to $40.

November 30, 2023 | 2:18 pm
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NEUTRAL IMPACT
Wedbush analyst Daniel Ives maintains an Outperform rating on General Motors but lowers the price target from $46 to $40.
The maintenance of an Outperform rating suggests that Wedbush still sees General Motors as a strong investment. However, the reduction in the price target could indicate a tempered expectation for the stock's growth or a response to market conditions. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued confidence and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100