12:15 PM EDT, 07/22/2024 (MT Newswires) -- General Motors ( GM ) and Ford Motor ( F ) are likely to post solid results for Q2 on favorable pricing and mix, BofA Securities said in a note Monday.

Upside risks include continued strength in the US auto cycle and growth in China, the firm said.

BofA lifted its price objectives on General Motors ( GM ) to $85 from $75 and on Ford to $22 from $21 and maintained their buy ratings. The companies are set to report Q2 results on Tuesday and Wednesday, respectively.

For Tesla (TSLA), the firm said the focus will be on the upcoming Robotaxi Day, gross margin performance and new product commentary.

BofA maintained its buy rating and $260 price objective on Tesla, which is set to release Q2 results on Tuesday.

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