Source: International Business Times
Jefferies analyst Philippe Houchois said GM's stronger-than-expected second-quarter earnings and raised 2026 guidance supported the firm's more positive view of the automaker. Reuters Jefferies has upgraded both Ford Motor and General Motors to "buy," arguing that improving earnings trends and stronger operating performance have created more attractive opportunities for investors in the two Detroit automakers. The investment bank raised its rating on both companies to "buy" from "hold," while increasing its price target for General Motors to $99 from $90 and for Ford Motor to $17.
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