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GM Stock Gets a Significant UBS Upgrade!

UBS upgraded GM stock to Buy ($81 target). Analysts expect high profits (8-10% margins) in North America, beating current expectations.

GM Stock Gets a Significant UBS Upgrade!
Photo by Elishia Jayye on Unsplash
  • Investment firm UBS upgraded General Motors (GM) stock to "Buy" from "Neutral".
  • The analyst, Joseph Spak, sharply increased the price target for GM, raising it from $56 to $81.
  • UBS believes GM North America can achieve its target profit margins of 8%–10%, significantly higher than current consensus forecasts of 6%–6.5%.
  • GM is expected to offset costs resulting from tariffs.
  • The company may also benefit from potential U.S. interest rate cuts and U.S. capital expenditure cycles.