Deutsche Bank downgrades ‘impaired asset’ General Motors to Hold

As previously reported, Deutsche Bank analyst Edison Yu downgraded General Motors (GM) to Hold from Buy with a $43 price target. While stating that the stock already trades at a low multiple, the firm worries GM “may be an impaired asset for several years” given structural uncertainty around U.S. industrial and tariff policy. For both Ford (F) and GM, the firm believes the two automakers will deliver “solid” Q1 results compared to expectations, but withdraw full-year guidance as they implement tariff mitigation strategies.