J.P. Morgan raises General Motors PT on expected lower tariff headwind

J.P. Morgan raises price target on General Motors GM.N to $56 from $53, a 24% upside to the stock's last close

Says expectations driven by a modestly less-than-expected headwind from tariff costs

"More offsets to the modestly lower tariff costs, including savings from the capital-light re-sourcing of 50,000 units of full-size pickup truck production from Silao, Mexico to Fort Wayne, Indiana"- Brokerage

Brokerage reiterates "overweight" rating on the stock

Shares marginally up 1% at $45 premarket

15 of 30 brokerages rate the stock "buy" or higher, 12 "hold" and 3 "sell" or lower; their median PT is $52.86

Co's adj. EPS beat analyst estimates for consecutive eleven quarters

As of last close, stock had fallen 15.4% YTD