Larry Ramer
Mon, Apr 14, 2025, 10:24 AM 2 min read
Deutsche Bank, a German institution, contiguous downgraded its standing connected GM (GM) to Hold from Buy.
The slope downgraded the shares chiefly owed to the Trump administration's tariff policies.
Long-Term Effects of Tariffs Cited arsenic Key to the Downgrade
GM banal could tumble implicit the longer word owed to the Trump administration's imposition of tariffs, Deutsche Bank warned.
In the shorter term, the slope expects the automaker to retreat its full-year guidance erstwhile it reports its first-quarter results connected April 29. GM volition person to propulsion its outlook owed to the issues created by the tariffs, Deutsche Bank warned.
And though GM is presently changing hands astatine a precise debased guardant price-to-earnings ratio of 3.8 times, the slope thinks that this affirmative facet is overshadowed by the menace posed by the tariffs.
More Information About GM Stock
Analysts connected mean expect the automaker's net per stock to leap to $11.37 this twelvemonth from $10.60 past year. However, the mean outlook calls for GM's EPS to emergence to lone $11.66 successful 2026.
In the past month, the shares person dropped 7%, portion they person retreated 9% successful the past 3 months.
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