Tesla, GM and Ford Price Targets Raised by Citi. General Motors Is the Top Pick.

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Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting analyst Itay Michaeli to raise his price targets on shares of Tesla, Ford Motor and General Motors.

“We are raising our 2021-23 EPS estimates to reflect strong Q4 trends, particularly in the U.S.,” Michaeli wrote in a research note.