General Motors price target raised to $73 from $72 at Goldman Sachs

Goldman Sachs raised the firm’s price target on General Motors (GM) to $73 from $72 and keeps a Buy rating on the shares. The firm cites the company having approved a new $6.0B share repurchase plan which includes a $2B accelerated share repurchase, the analyst tells investors in a research note. The incremental capital allocation will help GM to drive EPS growth in a muted cyclical environment, Goldman Sachs added.