CORRECTION: Bernstein Downgrades General Motors to Market Perform, Announces $53 Price Target (Analyst Name Updated - Originally Published on 23rd Sept 2024)
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Daniel Roeska has downgraded General Motors (NYSE:GM) from Outperform to Market Perform, setting a price target of $53. This update corrects the analyst's name from a previous publication.
September 23, 2024 | 12:23 pm
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Bernstein analyst Daniel Roeska 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.
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