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Is the GM stock rally just beginning?

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Bank of America's John Murphy stops by to discuss why it's good to be GM right now and for the foreseeable future. GM has secured the Yahoo Finance Surprise of the Year award.
The article from AOL Finance discusses the potential for General Motors (GM) stock to continue its upward trend, driven by several positive developments. Analyst Dan Ives from Wedbush has upgraded GM's stock rating to "Outperform" with a price target of $45, suggesting a significant potential increase from its current levels. This optimism is fueled by GM's strong performance in the electric vehicle (EV) market, with the company planning to launch 30 new EV models by 2025. Additionally, GM has shown robust earnings, with a 33% year-over-year increase in adjusted earnings per share in the last reported quarter. The article also highlights GM's strategic moves like the partnership with LG Chem for battery production and the acquisition of Cruise Automation to bolster its autonomous driving technology. These factors, combined with a recovering automotive market and supportive government policies for EVs, underpin the bullish outlook on GM's stock.

Read the Full AOL Article at:
[ https://www.aol.com/finance/gm-stock-rally-just-beginning-133148693.html ]