GM, Ford, Rivian Auto Downgrades
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General MotorsInvestor's Business Daily
•GM Stock Cut To Sell By Morgan Stanley On China Reversal
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 .
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