GM shares rose sharply on Tuesday morning on the New York Stock Exchange, with the American automotive group benefiting from a recommendation upgrade by Deutsche Bank.

Just under half an hour after opening, the stock was up 1.8%, compared with a 0.4% rise at the same time for the S&P 500 index.

In a sector study released this morning, Deutsche Bank raised its recommendation on the stock from 'hold' to 'buy', with a price target raised from €56 to €60.

The research firm praises the strategic measures recently taken by the automaker, starting with the integration of its Cruise autonomous driving subsidiary into its scope of consolidation and the restructuring of its activities in China.

Deutsche also mentions the group's flattering operating history.

"GM has always executed its strategy well in the face of economic uncertainties, and we believe this will enable it to remain well positioned in 2025, against a backdrop of a persistent slowdown in electrics, concerns over tariffs and possible political changes", it adds.

The analyst points out that the share price is also buoyed by an aggressive share buyback policy, which he expects to continue beyond 2025.

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