U.S. Stock Market News | Target price lowered by Wells Fargo, General Motors falls more than 5.7%
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On Tuesday, General Motors' stock price fell, with the stock dropping over 5.7% to $44.7 as of the time of publication. Wells Fargo lowered the stock's target price to $33. The bank expects that by 2025, the car production of the Detroit Big Three automakers, including General Motors, will decrease by 2% compared to 2024, continuing to face unfavorable factors such as pricing, electric vehicles, and regulations. Asian car manufacturers such as Toyota and Hyundai have launched new SUV models, posing a threat to the Detroit Big Three automakers' position in this segment market
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