General Motors price target raised to $60 from $55 at Wedbush

Wedbush analyst Daniel Ives raised the firm’s price target on General Motors (GM) to $60 from $55 to reflect incremental confidence in the GM story heading into 2025, while keeping an Outperform rating on the shares. The firm says General Motors delivered a Juan Soto-like quarter, with third quarter results coming in very strong as the company strings together consecutive impressive quarters by remaining diligently focused on optimizing both its ICE and EV portfolios while balancing new debuts and working with urgency on the profitability side.