General Motors' Turnaround On Track Despite EV Roadblocks – Analysts Say

General Motors Company (NYSE:GM) shares are trading relatively flat on Wednesday.

Yesterday, the automotive behemoth reported adjusted earnings per share of $1.92 in the fourth quarter, beating the street view of $1.86. Quarterly sales of $47.70 billion (+11%) outpaced the analyst consensus estimate of $43.606 billion.

Here are the analysts’ take on the stock:

• BofA Securities analyst John Murphy reiterated the Buy rating on the stock, with a price forecast of $85.
• Wedbush analyst Daniel Ives reiterated the Outperform rating on the stock, with a price forecast of $60.

BofA Securities: Murphy points out that the company’s fourth quarter results were affected by a weaker mix in GM North America due ...

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