Barclays Maintains Overweight on General Motors, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy has maintained an Overweight rating on General Motors (NYSE:GM) and increased the price target from $50 to $55.
April 11, 2024 | 1:26 pm
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Barclays has maintained an Overweight rating on General Motors and raised the price target from $50 to $55.
The increase in price target by Barclays, a major financial institution, signals a strong confidence in General Motors' future performance. This endorsement is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100