Goldman Sachs Maintains Buy on General Motors, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has reaffirmed a Buy rating on General Motors (NYSE:GM) and increased the price target from $45 to $50.
January 31, 2024 | 3:59 pm
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POSITIVE IMPACT
Goldman Sachs analyst Mark Delaney maintains a Buy rating on General Motors and raises the price target from $45 to $50, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100