Citigroup Maintains Buy on General Motors, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has reaffirmed a Buy rating on General Motors (NYSE:GM) and increased the price target from $90 to $95.
December 04, 2023 | 12:30 pm
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POSITIVE IMPACT
Citigroup maintains a Buy rating on General Motors and raises the price target to $95, indicating a positive outlook on the stock.
The increase in price target by a major financial institution like Citigroup typically signals confidence in the company's future performance and can lead to increased investor interest, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100