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Jefferies Upgrades GM to Buy, Raises Price Target to $99
Jefferies has upgraded General Motors (GM) to a 'Buy' rating and increased its price target for the stock to $99, up from $90. The firm anticipates GM will strengthen its U.S. market position by 2027, projecting over $10 billion in free cash flow driven by new truck launches, efficiency improvements, and digital services. Jefferies also foresees potential for additional share buybacks and has raised its earnings forecasts for GM for the 2026–2028 period.
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