Analyst Raises Tesla, GM, Ford Price Targets, Names Top 2022 Auto Stock Picks

The auto industry has been one of the most lucrative and controversial sectors in the stock market in recent years. On Thursday, one analyst adjusted price targets for several automaker stocks and named his top five auto stock picks for 2022.

The Analyst: Bank of America analyst John Murphy made the following automaker price target adjustments:

$Ford Motor(F.US)$ : Reiterated Buy rating, raised target from $26 to $30.
$General Motors(GM.US)$ : Reiterated Buy rating, raised target from $85 to $100.
$Tesla(TSLA.US)$ : Reiterated Neutral rating, raised target from $1,200 to $1,300.
$菲斯克(FSR.US)$ : Reiterated Neutral rating, raised target from $24 to $25.
$Lordstown Motors(RIDE.US)$ : Reiterated Underperform rating, cut target from $5 to $4.
$Canoo(GOEV.US)$ : Reiterated Underperform rating, raised target from $5 to $6.