GM's stock gets an almost ‘silly' upgrade. Why this analyst is now bullish on its prospects.

Core Insights - Ford and GM shares have experienced significant gains over the past year, indicating positive market sentiment towards these companies [1] - Piper Sandler suggests that recent capitulations in the electric vehicle (EV) sector are likely to enhance the future performance of Ford and GM [1] Company Performance - Both Ford and GM have logged substantial gains in their stock prices over the last year, reflecting a favorable trend in their market performance [1] - The analysis from Piper Sandler highlights that the current dynamics in the EV market could be beneficial for the future growth of these automotive giants [1] Industry Outlook - The capitulations in the EV market are seen as a positive indicator for traditional automakers like Ford and GM, suggesting a potential shift in consumer preferences or market conditions that could favor these companies [1]