BUZZ-J.P.Morgan raises GM, Ford PTs on Q4 optimism

Reuters01-21 22:22
BUZZ-J.P.Morgan raises GM, Ford PTs on Q4 optimism

** J.P.Morgan raises price targets on U.S. auto majors General Motors GM.N and Ford F.N on expectations of higher Q4 earnings

** Raises PT on GM to $100 from $85 citing stronger global production; new PT implies a 28.5% upside to stock's last close

** Lifts estimate for GM's Q4 EPS to $2.71 from $2.15

** Raises Ford PT to $15 from $14 citing "more modestly better Q4 production and updated management guidance for improved cost performance"; new PT represents a 13% upside to stock's last close

** Raises estimate for Ford's Q4 EPS to 17 cents from 4 cents

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))

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