BofA Securities Assumes General Motors (GM) at Buy

BofA Securities analyst Alex Perry assumes coverage on General Motors (NYSE: GM) with a Buy rating and a price target of $105.00.

The analyst comments "We are reinstating coverage of General Motors (see industry launch report here) with a Buy rating and $105 price objective based on an EV of 3.5X our 2027 EBITDA. We believe GM is a key beneficiary of recent regulatory changes including the removal of CAFÉ penalties, and GHG relief, which is enabling a mix shift to its most margin accretive trucks/SUVs and away from unprofitable EVs. The evidence is compelling: we estimate that trucks/SUVs variable profit per unit is $17.5K vs. corporate average of $10-12K. We also believe GM should benefit in 2026 from lower warranty costs & regulatory credits, lean inventory levels, and low incentives."

For an analyst ratings summary and ratings history on General Motors click here. For more ratings news on General Motors click here.

Shares of General Motors closed at $77.27 yesterday.

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