GM cut to hold as Deutsche Bank says traditional automakers will struggle to regain interest

Deutsche Bank in a new note on the auto sector said traditional automakers could struggle to regain investor interest amid concerns about the consumer, risks to pricing, and electrification. General Motors was downgraded to hold from buy and its price target cut to $36 from $57, and Ford was kept at hold and target cut to $12 from $17. Tesla , by contrast, could see its stock perform well in the second half, “as it moves past challenging 2Q conditions, and delivers meaningful volume acceleration

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