General Motors shares are trading lower. Wells Fargo maintained an Underweight rating on the stock and lowered its price target from $34 to $33.
Portfolio Pulse from Benzinga Newsdesk
General Motors shares are trading lower following Wells Fargo's decision to maintain an Underweight rating and lower the price target from $34 to $33.
September 10, 2024 | 3:38 pm
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General Motors shares are trading lower after Wells Fargo maintained an Underweight rating and reduced the price target from $34 to $33.
The reduction in price target and maintenance of an Underweight rating by Wells Fargo suggests a bearish outlook on GM, likely leading to a short-term negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100