Tesla shares bounce after record plunge

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RBC Capital Sees GM (GM) BEV Spin as 'Less Likely' But Sees Other Strategic Alternatives; PT to $44

September 9, 2020 5:04 PM EDT

RBC Capital analyst Joseph Spak raised the price target on General Motors (NYSE: GM) to $44.00 (from $39.00) while maintaining an Outperform rating.

Spak believes GM can do more to unlock shareholder value and present some options but sees a spin of GMs BEV vehicles as "less likely".

The analyst outlined the following alternatives that they believe... More