Wedbush lifts GM PT on better tariff mitigation strategy

** Wedbush raises General Motors GM.N PT to $65 from $55, an upside of 15.6% from the stock's last close

** Maintains rating at "outperform"

** Brokerage says co has adopted various strategies, including shifting production and optimizing costs and logistics, to reduce the impact of tariffs and strengthen operations in 2025 and beyond

** Upcoming U.S. trade deal with Canada and Mexico could ease tariff pressure on GM, while the recently announced South Korea agreement marks a promising first step in mitigating tariff headwinds over the coming quarters - Wedbush

** 15 of 31 brokerages rate the stock "buy" or higher, 13 "hold" and 3 "sell" or lower; their median PT is $55.50- data compiled by LSEG

** As of last close, stock had risen 5.6% YTD