Zhitong Finance APP learned that Citi released a research report saying that it maintained General Motors (GM. US) "Buy" rating with a target price of $96.
Citi analyst Itay Michaeli said that while the price and configuration of GM's pickup Truck Silverado Electric Edition are limitedly disclosed, its configuration (the debut model has a range of up to 400 miles) and other unique features are impressive. However, Michaeli believes that the release pace of the product seems to be slower than expected, and only two configuration adjustments are expected in 2023. Michaeli added that GM introduced strong EV specs, "but sales appear to have slowed somewhat."
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