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Monday, March 31, 2025

JPMorgan drops its price targets for Ford, GM, and Ferrari as Trump’s ‘draconian’ tariffs loom

General Motors’ (GM-8.52%), Ford Motor’s (F-4.42%), and Ferrari’s (RACE+1.29%) earnings are likelier than ever to take a hit, as President Donald Trump’s “draconian” tariffs and anti-electric vehicle policies hang over the automakers, according to JPMorgan (JPM-0.48%) analysts. The Trump …

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