Large bank rating | Goldman Sachs: America's car-mart industry will face a more severe situation. Downgrade general motors, Ford, and Rivian's target price and rating.
Gelonghui on September 25th | Morgan Stanley believes that the USA's car-mart industry will face a more challenging situation, adjusting their view on the industry from "attractive" to "in line with expectations". Morgan Stanley lowered the target price of General Motors from $47 to $42 and downgraded the rating from "hold" to "sell"; for Ford, the target price was reduced from $16 to $12, and for Rivian, the target price was reduced from $16 to $13, with both ratings downgraded from "buy" to "hold". Morgan Stanley pointed out that inventories at American dealers are rising, which often leads to continued pressure on new car prices. In addition, vehicle affordability remains very poor.
Benzinga Market Summary: Morgan Stanley Downgrades Ford And GM Stock, New Home Sales Fall But Beat Estimates, Chinese Stocks Pull Back, Intel Rises
Ford and GM Tumble on Reported China Import Crackdown
The "gunpowder smell" of the USA election is getting stronger! Reports of shots fired at and damage to Harris' campaign team, with no injuries.
At the same time, Trump is also focusing a lot of energy on economic policies, but some economists warn that Trump's tariffs and large-scale expulsion plan may lead to soaring prices.
Express News | Corrected-Ford Motor Co Shares Down 4.2% After Morgan Stanley Downgrades to Equal-Weight (Not Sell)
Express News | Corrected-General Motors Shares Down 5.7% After Morgan Stanley Downgrades to Underweight (Not Sell)