1335 ET - General Motors and Ford are in weaker positions than peers due to tariff exposure, Deutsche Bank analysts say in a research note. The auto makers will likely deliver solid 1Q results, but withdraw their full-year guidance as they implement tariff mitigation strategies, the analysts say. "As such, we reluctantly downgrade General Motors to hold from buy given structural uncertainty around U.S. industrial/tariff policy," the analysts say, while also cutting their target price on GM to $43 from $58. "While the stock already trades at a low multiple, we worry it may be an impaired asset for several years," the analysts add. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 14, 2025 13:35 ET (17:35 GMT)
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