BofA Sees Dauch Squeezed By A Ram Slowdown
Bank of America (BofA) reduced its earnings outlook for Dauch, citing a slowdown in Ram truck production. BofA now expects a $15-25 million hit to Dauch's third-quarter EBITDA and cut its price target to $5 from $10, moving the stock to underperform. The bank also noted additional costs tied to GM's newer truck platform.




