Citigroup lifts Ford, General Motors PT on strong demand
01/06/2026 13:07
BUZZ-Citigroup lifts Ford, General Motors PT on strong demand ** Citigroup raises price targets on U.S auto manufacturers Ford F.N and General Motors GM.N
** Brokerage says better cost control and improved product offerings position GM and Ford to benefit from higher industry demand and new growth opportunities
** Citigroup notes the auto sector is well placed to meet growing demand in areas such as energy storage, autonomous technology, robotics, and digital services
** As of last close, F was up ~33% and GM rose 2.4% YTD
Brokerage | New PT | Old PT |
Ford | $19 | $13 |
General Motors | $131 | $108 |
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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