TD Cowen Reiterates’ Buy’ Rating on General Motors (GM) on Improving US Auto Sales

On June 3, TD Cowen analysts reiterated a Buy rating on General Motors Company (NYSE:GM) stock and maintained an $83 price target. The bullish stance comes amid growing expectations that the company benefits from strong US auto sales trends.

TD Cowen Reiterates' Buy' Rating on General Motors on Improving US Auto Sales

A customer smiling delightedly after driving away in their new car from the automotive retail shop.

According to analysts, US auto sales are expected to show positive trends in May. That’s because General Motors dealer inventory in the US decreased over the month, signaling strong demand in the industry. The positive trends align with the company’s robust revenue of 7.76% over the past 12 months.

General Motors is also benefiting from improving pricing trends in the industry. According to the research firm, the company’s US retail pricing increased by low single digits in the first quarter, aligning with the 2025 financial guidance.

Amid the positive trends, TD Cowen remains cautious about uncertainties in the industry, which are mostly tied to rare earth product risks and potential tariffs on steel and aluminum. Nevertheless, the research firm remains confident in GM’s ability to navigate the headwinds, affirming why it is one of the top picks in the automotive sector. Additionally, General Motors has closed a public offering that generated $2.25 billion in net proceeds. It plans to use the net proceeds for general corporate purposes.

General Motors (GM) is an automotive company that designs, manufactures, and sells a variety of vehicles. It boasts a diverse portfolio encompassing everything from personal vehicles to commercial trucks. It also provides related services like financing and insurance.

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