GM edges higher near 52-week high after TD Cowen lifts price target

TD Cowen raised its price target on General Motors (GM) shares to $110 from $100, maintaining a Buy rating based on confidence in the company's multi-year growth potential and strategic EBIT drivers.

• The firm cited "self-help" EBIT drivers like OnStar and SuperCruise, and expects EV losses to narrow significantly by 2026.
• GM shares have climbed 53.35% year-to-date, leading TD Cowen to label the new $110 target as "arguably conservative."
• The stock closed at $80.89 and continued its upward momentum, trading slightly higher at $80.93 in after-hours trading.