General Motors price target raised to $65 from $58 at RBC Capital

RBC Capital raised the firm’s price target on General Motors (GM) to $65 from $58 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company’s North American large SUV market dominance is helping to offset lower pricing happening elsewhere in the market, and the firm expects consensus estimates and Street price targets to move higher on GM’s Q3 performance, guidance raise, and implied share buyback in Q4, the analyst tells investors in a research note.