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Morgan Stanley Upgrades General Motors (GM) to Equalweight

December 10, 2024 6:08 AM EST
Get Alerts GM Hot Sheet
Price: $82.27 +3.76%

Rating Summary:
    27 Buy, 14 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 10 | New: 23
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Morgan Stanley analyst Adam Jonas upgraded General Motors (NYSE: GM) from Underweight to Equalweight with a price target of $54.00 (from $46.00).

The analyst comments "Stay nimble during a noisy 2025 'ICE Honeymoon.' 2025 is shaping up to be a volatile year, dominated by expected US relaxation of emission standards and the potential for sharply increased tariffs. Since the US Presidential election, investors have been bidding up ICE-exposed names (GM, PHIN) relative to EV-oriented names (RIVN, APTV). We prefer dealers to (most) suppliers, are cautious rentals, and reiterate TSLA as our Top Pick, increasing our PT to $400. We also upgrade GM to Equal-weight with a $54 PT."

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 $52.71 yesterday.



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