JPMorgan raised the firm’s price target on Ford (F) to $12 from $11 and keeps an Overweight rating on the shares. The firm updated its analysis of the impact of Section 232 automotive sectoral tariffs by reducing the estimated tariff bill for General Motors (GM) by 22% and for Ford by 58% after President Trump signed an executive order “that significantly ameliorates” the treatment of auto parts imports.
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