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Shares of Porsche (PAH3.DE), Mercedes-Benz (MBG.DE), and Stellantis (STLA) are under pressure after being downgraded by Barclays. Mercedes and Stellantis were both downgraded to Equal Weight while Porsche was downgraded to Underweight. The firm cited margin pressures and rising competition behind the calls.
Morning Brief Hosts Seana Smith and Brad Smith dig into the details of these bearish calls.
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This post was written by Melanie Riehl