Barclays analyst Dan Levy significantly raised the price target on General Motors (GM) from $85 to $100, maintaining an Overweight rating, signaling a bullish outlook ahead of the automaker's Q4 earnings release.
- The new $100 price target is substantially higher than the stock's current trading price of $79.62.
- The upgrade provides a bullish signal ahead of GM's Q4 earnings report, scheduled for release before the market open on Tuesday, January 27.
- Analysts currently anticipate the automaker will report adjusted earnings of $2.26 per share for the quarter.