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UBS downgrades General Motors, expects lower earnings and volume decline

ReutersApr 10, 2025 2:11 PM

Shares of General Motors GM.N fall as much as 6% to $43.26 after UBS downgrades to "neutral" from "buy"

Brokerage says lowered its estimates on company's earnings and impact of auto demand due to tariffs as reasons for downgrade

Trump paused some of his tariffs for 90 days, but raised the tariff rate for China to 125%

UBS expects General Motors' North America (GMNA) segment vols to decline by 9% in 2025 and 4% in 2026; trims GM PT to $51 from $64

Co is set to report earnings on April 29

Analysts' average rating is equivalent of "buy"; median PT is $55 - data compiled by LSEG

Stock down 14% YTD vs ~31% decrease in S&P 500 Automobile Manufacturers index .SPLRCAUTM

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