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