Reported 1 day ago
Piper Sandler has downgraded several U.S. auto stocks, specifically Rivian and Stellantis, but has maintained an Overweight rating on Tesla, citing the EV company's resilience against the uncertainty created by political factors like tariffs. The firm notes that many companies in the auto supply chain face challenges due to this uncertainty, which could impact market confidence and investment decisions in various sectors.
Source: YAHOO