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Investor's Business Daily

Investor's Business Daily

GM Stock Cut To Sell By Morgan Stanley On China Reversal

Investor's Business Daily
Summary
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79% Informative

Morgan Stanley analyst Adam Jonas downgrades GM , Ford and the broad U.S. auto industry.

China looms large in the downgrade, turning it from a profit center to a growing competitive threat.

Jonas was more bullish on auto retailers including AutoNation (AN) and CarMax ( KMX ) Jonas kept an overweight rating for Tesla and Ferrari .