Wolfe Research resumed coverage of General Motors with a rating of Peer Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | $49.00 | Buy → Hold | DZ Bank |
| 9/25/2024 | $47.00 → $42.00 | Equal-Weight → Underweight | Morgan Stanley |
| 9/23/2024 | $53.00 | Outperform → Mkt Perform | Bernstein |
| 9/10/2024 | $53.00 | Hold | Deutsche Bank |
| 9/5/2024 | Peer Perform | Wolfe Research | |
| 8/5/2024 | Neutral → Reduce | Nomura | |
| 7/24/2024 | $46.00 → $47.00 | Overweight → Equal-Weight | Morgan Stanley |
| 4/25/2024 | $55.00 | Outperform | Bernstein |
Sure, you can caravan with your friends across the Bay Bridge....but imagine doing it with your hands off the steering wheel. SAN FRANCISCO, Nov. 18, 2024 /PRNewswire/ -- General Motors made history recently, driving all 20 of our Super Cruise-enabled models in a record-breaking hands-free caravan across the Bay Bridge linking San Francisco and Oakland, the largest of its kind in history. GM initially launched Super Cruise in 2017 as the industry's first true hands-free advanced driver assistance system. It's now available on 20 vehicles - the widest selection in the market
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
CONCORD, N.C., Oct. 28, 2024 /PRNewswire/ -- GM Defense has completed production of the first vehicles in support of the Diplomatic Security Service's Heavy-Duty armored Sport Utility Vehicle (HD SUV) program. DSS is the law enforcement and security arm of the U.S. Department of State. GM marked the milestone event with Assistant Secretary of State for Diplomatic Security Gentry Smith and other key stakeholders at GM Defense's Concord, North Carolina-based Manufacturing and Customer Innovation Center. GM Defense's HD SUV solution, the Suburban Shield, features a new design wit
4 - General Motors Co (0001467858) (Issuer)
4 - General Motors Co (0001467858) (Reporting)
4 - General Motors Co (0001467858) (Issuer)
In the wake of second-quarter earnings announcements, shares of leading automakers such as Ford Motor Company (NYSE:F), Tesla Inc. (NASDAQ:TSLA), and General Motors Company (NYSE:GM) experienced a downturn on Thursday. What Happened: Tesla’s shares fell by 2.03%, Rivian Automotive Inc‘s (NASDAQ:RIVN) by 3.13%, and GM’s by 1.91%. Stellantis NV (NYSE:STLA) and Ford suffered the most significant declines at 6.84% and 13.46%, respectively, according to Benzinga Pro data. Despite a modest 2% increase in revenue, Tesla’s second-quarter earnings per share did not meet expectations. Investors expressed concerns about a lower-than-expected auto gross margin and free cash flow. CEO Elon Musk’s c
Famed economist and vocal Bitcoin (CRYPTO: BTC) critic Peter Schiff has sounded a cautionary note following a significant drop in Ford Motor Company (NYSE:F) shares. Schiff attributes the 12% plunge to the automaker’s disappointing second-quarter earnings and has linked this to broader economic challenges. What Happened: Schiff took to social media platform X to share his concerns about the recent performance of Ford. He pointed to the company’s underwhelming second-quarter profits and bleak guidance as indicators of a larger economic struggle. Schiff attributed this to the financial strain on Americans, citing rising living costs and high interest rates on auto loans. He wrote, “Ford
General Motors Co (NYSE:GM) shares are trading lower after-hours Wednesday following Ford Motor Co.'s (NYSE:F) second-quarter earnings release. The Details: Ford shares are dropping after the company reported quarterly earnings per share of 47 cents, missing a Street consensus estimate of 68 cents. Ford also reported a 37% drop in revenue from its Ford Model e segment year-over-year, which the company attributed to industry-wide pricing pressure and lower wholesales. Read Next: Viking Therapeutics Stock Climbs On Q2 EPS Beat GM shares are down slightly in sympathy with Ford during after-hours trading. General Motors reported strong second-quarter results on Tuesday, beating Street
DETROIT, Oct. 22, 2024 /PRNewswire/ -- General Motors (NYSE:GM) today reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion. GM is also updating its 2024 full-year earnings guidance for the third consecutive quarter: Updated 2024 Guidance Previous 2024 Guidance Net income attributable to stockholders $10.4 billion - $11.1 billion $10.0 billion - $11.4 billion EBIT-adjusted $14.0 billion - $15.0 billion $13.0 billion - $15.0 billion Automotive operating cash flow $22.0 billion - $24.0 billion $19.2 billion - $22.2 billion Adjusted automotive free cash flow $12.5 billion - $13.5 billion $9.5 billion - $
DETROIT, Oct. 21, 2024 /PRNewswire/ -- General Motors (NYSE:GM) announced today that its Board of Directors has declared a fourth-quarter 2024 cash dividend on the company's outstanding common stock of $0.12 per share payable Dec. 19, 2024, to all common shareholders of record as of the close of trading on Dec. 6, 2024. General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
DETROIT, July 23, 2024 /PRNewswire/ -- General Motors Co. (NYSE:GM) today reported second-quarter 2024 revenue of $48.0 billion, net income attributable to stockholders of $2.9 billion and EBIT-adjusted of $4.4 billion. GM is also updating its 2024 full-year earnings guidance for the second consecutive quarter: Updated 2024 Guidance Previous 2024 Guidance Net income attributable to stockholders $10.0 billion - $11.4 billion $10.1 billion - $11.5 billion EBIT-adjusted $13.0 billion - $15.0 billion $12.5 billion - $14.5 billion Automotive operating cash flow $19.2 billion - $22.2 billion $18.3 billion - $21.3 billion Adjusted automotive free cash flow $9.5 billion - $11.5 billion $8.5 billion
DZ Bank downgraded General Motors from Buy to Hold and set a new price target of $49.00
Morgan Stanley downgraded General Motors from Equal-Weight to Underweight and set a new price target of $42.00 from $47.00 previously
Bernstein downgraded General Motors from Outperform to Mkt Perform and set a new price target of $53.00
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
SDVerse serves as a ‘matchmaking' platform between buyers and sellers of embedded automotive softwareFocuses on matching automotive software buyers and sellers, over captive software developmentThe digital platform increases transparency and reduces inefficiencies in software development and procurementAmpere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a "Launch Partner" group supporting SDVersePrashant Gulati has been named CEO of the new SDVerse organization effective March 5th, 2024 DETROIT, March 05, 2024 (GLOBE NEWSWIRE) -- General Motors (GM), global automotive supplier Magna, and leading technology services and consulting company Wipro Limited, have tea
Developed in partnership with General Motors, Girl Scouts' new playbook will serve as a comprehensive guide for adults, geared to get girls of all grade levels interested in science, technology, engineering and mathematics (STEM). NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Today, Girl Scouts of the USA (GSUSA), the largest girl-led organization in the world, announces a new STEM Playbook, offering guidance, resources and support to all staff, volunteers and caregivers on how to continue sparking girls' interest in STEM. This multifaceted playbook, supported by General Motors, provides adults with ideas to help create hands-on, exciting activities to engage their Girl Scouts in STEM.
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