{"id":66308,"date":"2026-08-10T23:38:16","date_gmt":"2026-08-11T03:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/jpmorgan-lifts-price-targets-for-amadeus-and-holmen-gm-to-sell-stake-in-3-5b-battery-venture\/66308\/"},"modified":"2026-08-10T23:38:16","modified_gmt":"2026-08-11T03:38:16","slug":"jpmorgan-lifts-price-targets-for-amadeus-and-holmen-gm-to-sell-stake-in-3-5b-battery-venture","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/jpmorgan-lifts-price-targets-for-amadeus-and-holmen-gm-to-sell-stake-in-3-5b-battery-venture\/66308\/","title":{"rendered":"JPMorgan Lifts Price Targets for Amadeus and Holmen; GM to Sell Stake in $3.5B Battery Venture"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>General Motors (<a href=\"\/stock\/GM\">GM<\/a>)<\/strong> is reportedly preparing to sell its <strong>50% stake<\/strong> in a planned <strong>$3.5 billion<\/strong> electric vehicle (EV) battery joint venture in Indiana to its partner, <strong>Samsung SDI (<a href=\"\/stock\/006400\">006400<\/a>)<\/strong>.<\/li>\n<li><strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> issued bullish updates for European equities, raising the price target for <strong>Amadeus IT Group (<a href=\"\/stock\/AMS\">AMS<\/a>)<\/strong> to <strong>\u20ac70<\/strong> and <strong>Holmen (<a href=\"\/stock\/HOLM-B\">HOLM-B<\/a>)<\/strong> to <strong>SEK 303<\/strong>.<\/li>\n<li><strong>Copper prices<\/strong> climbed above <strong>$6.6 per pound<\/strong>, driven by a <strong>14% year-to-date rally<\/strong> fueled by constrained global supply and robust demand from AI data centers and renewable energy infrastructure.<\/li>\n<li>The broader market remains optimistic as <strong>JPMorgan (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> also raised its year-end <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong> target to <strong>8,000<\/strong>, citing resilient corporate earnings and accelerating AI monetization.<\/li>\n<\/ul>\n<h2>GM Shifts EV Strategy with Indiana Venture Sale<\/h2>\n<p><strong>General Motors (<a href=\"\/stock\/GM\">GM<\/a>)<\/strong> is poised to exit its half of a <strong>$3.5 billion<\/strong> EV battery joint venture in New Carlisle, Indiana, according to reports from <em>Bloomberg<\/em>. The automaker is expected to sell its interest to partner <strong>Samsung SDI (<a href=\"\/stock\/006400\">006400<\/a>)<\/strong>, a move that follows a recent &quot;pause&quot; in the project&#39;s construction to better align production capacity with cooling consumer demand for electric vehicles.<\/p>\n<p>The Indiana facility was originally designed to produce nickel-rich prismatic and cylindrical cells with an initial annual capacity of <strong>27 GWh<\/strong>. This divestment suggests a strategic recalibration for <strong>General Motors (<a href=\"\/stock\/GM\">GM<\/a>)<\/strong> as it navigates a shifting regulatory landscape and a slower-than-anticipated transition to all-electric fleets.<\/p>\n<h2>JPMorgan Lifts Targets for Amadeus and Holmen<\/h2>\n<p>In a series of analyst updates on August 11, <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> signaled increased confidence in European industrial and technology sectors. The bank raised its price target for travel technology giant <strong>Amadeus IT Group (<a href=\"\/stock\/AMS\">AMS<\/a>)<\/strong> to <strong>\u20ac70<\/strong> from \u20ac61, reflecting a positive outlook on the recovery of global travel volumes and the company&#39;s software-as-a-service (SaaS) margins.<\/p>\n<p>Simultaneously, <strong>JPMorgan (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> boosted its target for Swedish paper and timber firm <strong>Holmen (<a href=\"\/stock\/HOLM-B\">HOLM-B<\/a>)<\/strong> to <strong>SEK 303<\/strong> from SEK 286. Analysts pointed to favorable pricing dynamics in the forestry sector and a tightening supply of wood products as key drivers for the upward revision.<\/p>\n<h2>Copper Prices Surge Toward Record Highs<\/h2>\n<p><strong>Copper<\/strong> futures continued their upward trajectory, trading near <strong>$6.6 per pound<\/strong> as the market faces structural supply deficits. The metal has advanced approximately <strong>14%<\/strong> so far in 2026, supported by declining ore grades at major mines and an export ban on copper concentrate from the <strong>Democratic Republic of Congo<\/strong>.<\/p>\n<p>On the demand side, the &quot;red metal&quot; is benefiting from the massive expansion of <strong>artificial intelligence data centers<\/strong> and the global shift toward electrification. Analysts note that <strong>U.S. stockpiles<\/strong> have reached record levels as traders front-run potential import tariffs, further tightening the available global supply and pushing prices toward a record-high close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways General Motors (GM) is reportedly preparing to sell its 50% stake in a planned $3.5 billion electric vehicle 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