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<Research> BofAS: General Motors Company (GM.US) 1Q Results Solid, Slightly Raises TP to USD106
Recommend 3 Positive 1 Negative 0 |
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BofAS said in a research report that General Motors Company (GM.US) delivered solid results for 1QYY. Adjusted EPS was USD3.7, above the brokers forecast of USD2.46. EBIT reached USD4.3 billion, exceeding its estimate of USD3.0 billion, benefiting from favorable tariff adjustments, foreign exchange gains, and better-than-expected cost efficiency. Global wholesale volume was 793,000 vehicles, higher than the market expectation of 787,000 vehicles. The broker believes General Motors Companys demand or product mix has not yet been affected by the Iran war, but expects commodity inflation to rise. It reiterated a Buy rating and raised the TP from USD105 to USD106. (ss/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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