Bernstein Downgrades General Motors to Market Perform, Announces $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Adrian Yanoshik has downgraded General Motors (NYSE:GM) from Outperform to Market Perform, setting a price target of $53.
September 23, 2024 | 9:54 am
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Bernstein has downgraded General Motors from Outperform to Market Perform, with a new price target of $53. This suggests a more cautious outlook on GM's stock performance.
The downgrade from Outperform to Market Perform indicates a less optimistic view on GM's stock, which could lead to a negative short-term impact on its price. The $53 price target suggests limited upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100