Citi Raises General Motors Price Target to $75 Amid Auto Dealer Wealth Outlook
Citi Research increased its GM price target from $61 to $75, with managing director Michael Ward highlighting the significant wealth concentrated among U.S. auto dealers.
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Terms & Concepts
Price Target: An analyst's projection of a security's future price, used as guidance for investment decisions.
Auto Dealer: A business engaged in selling new or used automobiles directly to consumers.