GLONGHUI, April 16 | Evercore ISI says Cruise, GM's autonomous driving division, may see a turnaround in 2024. The bank raised GM's price target by $7 to $50, adding that cost reduction plans will be the focus as car prices normalize. Despite weak industry pricing, GM is still capable of reaching the upper middle level of earnings before interest and tax (EBIT) in the $12-14 billion range.
Evercore ISI：上调通用汽车目标价至50美元 关注成本削减计划
Evercore ISI: Raise GM's target price to $50 and focus on cost reduction plans
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