JP Morgan Maintains Overweight on General Motors, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman maintains an Overweight rating on General Motors and raises the price target from $64 to $70.
October 23, 2024 | 6:23 pm
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JP Morgan analyst Ryan Brinkman has maintained an Overweight rating on General Motors and increased the price target from $64 to $70, indicating a positive outlook on the stock.
The increase in the price target from $64 to $70 by a major financial institution like JP Morgan suggests a positive outlook for General Motors. This is likely to boost investor confidence and could lead to a short-term increase in GM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100