Mizuho Highlights GM’s Strong Q3 Performance and Favorable Market Shifts

Group 1 - General Motors Company (NYSE:GM) is recognized as one of the 15 Dividend Stocks that outperform the S&P 500 [1] - Mizuho raised GM's price target to $78 from $67, maintaining an Outperform rating due to strong Q3 results and a favorable 2026 outlook [2] - The market perception of electric vehicle (EV) adoption has shifted, indicating a slower transition from traditional combustion models, benefiting GM [3] Group 2 - GM's Q3 revenue decreased by 0.3% to $48.6 billion, surpassing the consensus estimate of $45.33 billion [4] - Adjusted earnings per share (EPS) for Q3 were $2.80, down from $2.96 a year ago but above the $2.32 estimate [4] - GM lowered its projected gross tariff impact for the year to $3.5 billion to $4.5 billion, compared to the previous estimate of $4 billion to $5 billion, and raised full-year adjusted EPS guidance to $9.75 to $10.50 from $8.25 to $10 [4]