The auto industry has been one of the most lucrative and controversial sectors in the stock market in recent years. On Thursday, one analyst adjusted price targets for several automaker stocks and named his top five auto stock picks for 2022. The Analyst Bank of America analyst John Murphy made the following automaker price target adjustments: Ford Motor Company: Reiterated Buy rating, raised target from $26 to $30. General Motors Company: Reiterated Buy rating, raised target from $85 to $100. Tesla Inc.: Reiterated Neutral rating, raised target from $1,200 to $1,300. Fisker Inc.: Reiterated Neutral rating, raised target from $24 to $25. Lordstown Motors Corp.: Reiterated Underperform rating, cut target from $5 to $4. Canoo Inc.: Reiterated Underperform rating, raised target from $5 to $6. The Auto Thesis In the auto outlook note, Murphy said he remains bullish on the auto industry as a whole after a big year of …
Analyst Raises Tesla, GM, Ford Price Targets, Names Top 2022 Auto Stock Picks
January 6, 2022
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