Citi raises GM's PT on trade mitigation, EV strength
Citi raises price target on General Motors GM.N to $75 from $61; new PT shows upside of 27.2% to stock's last close
Maintains rating at "buy"
Citi says GM is making progress in mitigating trade-related penalties, which is expected to be mostly offset by 2026
GM is now stronger and more flexible company, well-positioned in electric vehicle market, with ability to manage tariff impacts, gain market share and return more cash to shareholders, Citi says
GM shares are marginally down 0.1% at $59 premarket
16 of 29 brokerages rate stock "buy" or higher, 11 "hold" and 2 "sell"; their median PT is $58 - data compiled by LSEG
As of last close, stock has risen 10.7% YTD
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