Wells Fargo Maintains Underweight on General Motors, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Underweight rating on General Motors (NYSE:GM) but raises the price target from $33 to $38.
October 23, 2024 | 2:44 pm
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Wells Fargo has maintained an Underweight rating on General Motors but increased the price target from $33 to $38, indicating a slightly more positive outlook.
The Underweight rating suggests a cautious stance, but the raised price target indicates a slightly improved outlook. This mixed signal may not significantly impact GM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100