01:15 PM EDT, 07/24/2024 (MT Newswires) -- General Motors ( GM ) is focused on maintaining overall profitability and delivering stable pricing as the automaker balances "the key to navigate healing backdrop in H2" after reporting solid Q2 results, Wedbush said in a note Wednesday.

General Motors ( GM ) on Tuesday reported higher-than-expected Q2 adjusted earnings and revenue.

"GM is focused on its key 4 driver thesis -- past investments creating a strong portfolio for [Intercontinental Exchange] offerings, [electric vehicles] scaling well and gaining market share with US deliveries growing 40% [year over year], maintaining strong margin and overall profitability while also delivering stable pricing," Wedbush said.

Wedbush maintained its outperform rating and $55 price target for General Motors ( GM ).

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