Nomura Downgrades General Motors to Reduce, Announces $34 Price Target
Portfolio Pulse from Benzinga Newsdesk
Nomura analyst Anindya Das has downgraded General Motors (NYSE:GM) from Neutral to Reduce and set a price target of $34.
August 05, 2024 | 5:42 pm
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NEGATIVE IMPACT
Nomura analyst Anindya Das has downgraded General Motors from Neutral to Reduce and set a price target of $34.
The downgrade from Neutral to Reduce and the announcement of a $34 price target by Nomura is likely to negatively impact GM's stock price in the short term as it reflects a bearish outlook from a reputable analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100