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Wells Fargo double downgrades Ford and GM, says 2022 could be ‘peak profits’ for legacy automakers
Finance

Wells Fargo double downgrades Ford and GM, says 2022 could be ‘peak profits’ for legacy automakers

May 11, 2022 admin-dominor



Wells Fargo moved its rating to underweight for the two automakers, citing rising costs for electric vehicles.



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