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Jefferies says fewer gains ahead for Ford and GM, due to inflation surge and Russia-Ukraine conflict

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Jesse Pound@jesserpound
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Ford Motor Co. signage at the Washington Auto Show in Washington, D.C., Jan. 21, 2022.
Al Drago | Bloomberg | Getty Images

A difficult macroeconomic environment could dampen the excitement around legacy U.S. automakers, according to Jefferies.

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