** J.P. Morgan raises price target on General Motors GM.N to $56 from $53, a 24% upside to the stock's last close
** Says expectations driven by a modestly less-than-expected headwind from tariff costs
** "More offsets to the modestly lower tariff costs, including savings from the capital-light re-sourcing of 50,000 units of full-size pickup truck production from Silao, Mexico to Fort Wayne, Indiana"- Brokerage
** Brokerage reiterates "overweight" rating on the stock
** Shares marginally up 1% at $45 premarket
** 15 of 30 brokerages rate the stock "buy" or higher, 12 "hold" and 3 "sell" or lower; their median PT is $52.86
** Co's adj. EPS beat analyst estimates for consecutive eleven quarters
** As of last close, stock had fallen 15.4% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.