Morgan Stanley Upgrades General Motors (GM) Stock to Overweight

General Motors Company (NYSE:GM) is one of the Most Undervalued Stocks to Buy Right Now. On December 8, Morgan Stanley upgraded the company’s stock to “Overweight” from “Equal Weight,” with a price objective of $90, up from the prior target of $54, as reported by The Fly. The firm cited execution gains, improvement in capital discipline as well as a more favorable mix shift towards high-margin trucks and SUVs for the upgrade.

As per the analyst, General Motors Company (NYSE:GM) exhibited healthy execution with industry-leading US inventory and incentive discipline. Furthermore, the reduced policy uncertainty and anticipated rate cuts in the second half of next year can help improve demand for its core ICE lineup, added the analyst.

In a different update, General Motors Company (NYSE:GM) highlighted investing $2.1 billion in capital projects, paying down $1.3 billion of balance sheet debt, and repurchasing $1.5 billion of stock in Q3 2025. Considering the product traction, ongoing disciplined execution as well as assuming that there will be minimal production disruption from the chip issue, General Motors Company (NYSE:GM) raised its CY 2025 guidance to EBIT-adjusted of $12 billion – $13 billion, EPS diluted adjusted of $9.75 – $10.50 per share and adjusted automotive FCF of $10 billion – $11 billion.

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Disclosure: None. This article is originally published at Insider Monkey.