02:05 PM EDT, 07/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target by $6 to $64, based on a 2026 P/E of 6.0x, a justified discount to GM's five-year average forward P/E of 6.8x. We increase our 2025 adjusted EPS estimate to $9.65 from $9.50 and keep 2026's at $10.60. GM posted Q2 U.S. vehicle sales of 746,588 units (+7.3% Y/Y), in line with Cox Automotive's Q2 estimate for GM but well ahead of the 1.7% estimated growth for U.S. new vehicle sales as a whole in Q2. GM's U.S. EV sales surged 111% Y/Y to 46,280 units and the success of the Chevy Equinox EV was notable, as it sold 17,420 units in Q2, making the new model type GM's best-selling EV by a wide margin. We raise our target on GM, arguing that a higher multiple is warranted as it continues to take share in the all-important U.S. market, grow EPS through aggressive share repurchases, and its EV sales growth continues to exceed expectations. Additionally, GM's recent earnings track record has been stellar (11 straight bottom-line beats) and we think tariff concerns are mostly in the rear view.