As previously reported, Morgan Stanley upgraded General Motors (GM) to Equal Weight from Underweight with a price target of $54, up from $46. With 2025 ushering in a new administration, the firm refreshes its 2025 auto forecasts, noting that policy changes present near-term headwinds to U.S. EV sales, but arguing that the U.S. “must not cede autonomous leadership to geopolitical rivals.” The firm, which sees U.S. sees a seasonally adjusted annualized rate of auto sales greater than 16M, supported by lower rates but higher competition, with tariff hikes as “an inflationary wild-card,” prefers dealers to suppliers and reiterates Tesla (TSLA) as Top Pick in the automobiles group.
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Read More on GM:
- General Motors upgraded to Equal Weight from Underweight at Morgan Stanley
- Charged: Wall Street analysts bullish on Tesla into 2025
- General Motors price target raised to $62 from $59 at Mizuho
- Ford’s (NYSE:F) Electric Vehicle Motor Production Begins
- How Trump May Have Caused a Spike in November Car Sales
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
