Wells Fargo Maintains Underweight on General Motors, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Underweight rating on General Motors and lowers the price target from $34 to $33.
September 10, 2024 | 2:30 pm
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Wells Fargo analyst Colin Langan has maintained an Underweight rating on General Motors and reduced the price target from $34 to $33, indicating a bearish outlook.
The maintenance of an Underweight rating and the reduction of the price target by Wells Fargo suggests a negative outlook on GM's stock performance. This could lead to a short-term decrease in GM's stock price as investors react to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100