“Tariff uncertainty is bound to remain an overhang at least early into Trump’s presidency,” TD Cowen analyst Brian Morrison said. — Bloomberg
TORONTO: Uncertainty about how US president-elect Donald Trump will apply tariffs has prompted an analyst at Toronto-Dominion Bank to take a dimmer view of two Canadian car-parts makers.
TD Cowen analyst Brian Morrison downgraded Linamar Corp to “hold” from “buy”, in part because “tariff uncertainty is bound to remain an overhang at least early into Trump’s presidency.” He slashed his target on the stock to C$68 from C$89.
