Morgan Stanley upgraded General Motors (GM) to Overweight from Equalweight, significantly increasing the price target to $90 from $54. GM shares currently trade at $76.05, just below their 52-week high, following a substantial price surge over the past six months. The upgrade reflects confidence in the automaker's strategic direction and operational performance. Morgan Stanley based its positive outlook on GM’s realignment of capital allocation, citing the completed $10 billion share repurchase program. The investment bank also highlighted GM’s strong operational execution, noting its industry-leading inventory management in the U.S. and disciplined incentive spending. Anticipated macroeconomic tailwinds, including potential rate cuts and favorable policy changes, are also expected to benefit the company.