Once a household name, is iconic car maker Ford in dire straits? Jefferies downgrades shares to Underperform from Hold, cuts price target to $9 from $12

This is a massive development in terms of any automobile industry company's stock, with GM also being one of those companies where Jefferies has maintained a Hold position. This analyst is now of the opinion that the auto stock could become steadily volatile in the coming days, and with inflation and recession fears becoming a major point of concern for the US stock market in the coming days, due to the incoming Donald Trump administration at the White House in January, things may get even more complex in the coming days.

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The automobile industry's stocks have not been a part of the massive bull run but have maintained a steady rise in the last couple of years, and have also contributed quite well to the top stock indices, as per reports.

FAQs:

Has Donald Trump won the US Presidential elections?
Yes, Donald Trump is currently the new US President-elect, and will be taking up charge from January, 2025 after the inauguration ceremony.

Is the US stock market in recession?
As of now, the stock markets are not facing any effect of recession, and it has been an overall banner year for the markets, domestically as well as internationally, as per reports.