Wells Fargo Maintains Underweight on General Motors, Raises Price Target to $28
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 $27 to $28.

January 31, 2024 | 3:05 pm
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Wells Fargo maintains an Underweight rating on General Motors, but raises the price target from $27 to $28.
While the increase in price target from $27 to $28 by Wells Fargo could be seen as a positive signal, the maintenance of the Underweight rating suggests that the analyst still has concerns about GM's prospects. This mixed signal is likely to have a neutral short-term impact on GM's stock price as the market digests both the positive and negative implications of the analyst's views.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100