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general motors sees mixed analyst ratings and significant institutional investment
Franklin Resources Inc. increased its stake in General Motors to 29.27 million shares, valued at $1.56 billion, while Geode Capital Management and Hotchkis & Wiley also raised their holdings. Analysts have mixed ratings on GM, with a consensus "Hold" and an average price target of $62.11. The company recently authorized a $6 billion stock buyback, indicating management's belief in the stock's undervaluation.
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