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Goldman Sachs raised its price target on General Motors after the stock's best day since early 2021. The bank reiterated a buy rating as well as a top pick label, accompanied by a $300 per share price target. Goldman Sachs also maintained its buy rating and increased its target price to $345 per share from $340. To be sure, it maintained its $16 per share price target, which implies more than 3% downside from Wednesday's $16.52 close. — Brian Evans 5:45 a.m ET: Goldman raises GM price target Goldman Sachs analyst Mark Delaney increased his price target on General Motors to $45 from $42 after a series of bullish moves by the auto giant.
Persons: Goldman Sachs, Morgan Stanley, 31.6x, Eric Heath, Wells, Andrew Nowinski, — Brian Evans, José Neves, Marvin Fong, Brian Evans, Salesforce, Brad Sills, Kash Rangan, Jefferies, Snapchat, Pinterest, James Heaney, Meta Marshall, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, General Motors, Hewlett Packard Enterprise, Wall, Bank of America, SNAP, Goldman, GM Locations: Okta, America
Branding for online fashion house Farfetch is seen at the company headquarters in London, Britain January 31, 2018. REUTERS/Toby Melville Acquire Licensing RightsAug 18 (Reuters) - Shares of Farfetch (FTCH.N) slumped nearly 40% to a record low on Friday, as choppy demand in the online luxury goods retailer's top two markets, the United States and China, drove a gloomy annual sales outlook. Farfetch projected total gross merchandise value, or the total dollar value of orders processed - a key revenue metric - to be about $4.4 billion for 2023, compared with prior expectations of $4.9 billion. As of Thursday's close, Farfetch had a market capitalization of about $1.68 billion, per Refinitiv data. Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Farfetch, José Neves, Morgan, Keybanc, Oliver Chen, Cowen, Marvin Fong, Fong, Deborah Sophia, Krishna Chandra Organizations: REUTERS, Thomson Locations: London, Britain, United States, China, U.S, Mainland China, J.P, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCars.com consistently offers the highest price for used cars, says BTIG's Marvin FongMarvin Fong, BTIG analyst, and CNBC Phil LeBeau, join 'The Exchange' to discuss a slowdown in used car sales, used car prices dropping lower, and growing availability for new cars.
Persons: BTIG's Marvin Fong Marvin Fong, CNBC Phil LeBeau Organizations: CNBC
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