Deutsche Bank Turns Bullish on GM as Goldman Sachs Lowers Valuation Outlook

General Motors Company (NYSE:GM) is included among the Top 10 Reddit Stocks That Will Skyrocket.

On April 14, Deutsche Bank analyst Edison Yu upgraded General Motors Company (NYSE:GM) to Buy from Hold. It also raised the price target to $90 from $83 on the stock, following the recent pullback in the shares. The analyst said the near-term volatility is tied to geopolitical developments. His view is based on the resilience GM has shown several times in recent years. The firm sees the recent weakness as an “attractive entry point to gain exposure to a potential multi-year re-rate story,” the analyst told investors.

On April 14, Goldman Sachs lowered its price recommendation on GM to $91 from $104. It reiterated kept a Buy rating on the shares. The analyst said auto OEMs and suppliers are expected to report in-line to softer results this quarter, pointing to higher input costs and weak Q1 auto sales in China. In contrast, the firm expects industrial tech companies to post solid results and guidance, supported by improving industrial trends and strong data center demand.

General Motors Company (NYSE:GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts. It also provides software-enabled services and subscriptions worldwide. The company operates through GMNA, GMI, Cruise, and GM Financial segments.

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