Trump targets General Motors; Fiat Chrysler teams up with Google; Disney upgraded to buy

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General Motors (GM) – The US auto giant is the target of a new tweet from President-elect Donald Trump, who claimed the auto giant is making a version of the Chevy Cruze in Mexico and sending them to U.S. dealers tax free. Trump tweeted, “Make in U.S.A or pay big border tax!”

Fiat Chrysler (FCAU) – The automaker is expanding its partnership with Google (GOOGL) for a new infotainment and connected car platform using the Android 7.0. The two companies have already working together via Waymo, which was Google’s previous self-driving car project.

Groupon (GRPN) – RBC upgraded Groupon to market perform from underperform and reiterated its price target of $4. RBC’s Mark Mahaney said the stock’s drop of more than 40% in the last five months has brought it back to a reasonable valuation.

Abercrombie & Fitch (ANF) – The retailer received a pair of downgrades to start off the new year. Oppenheimer cut its rating on the stock to underperform while Jefferies lowered its rating to hold from buy.

Nike (NKE) – Jefferies names Nike its best new idea for 2017. The investment firm reiterated a buy rating on the stock with a price target of $75 per share.

Walt Disney (DIS) – Evercore ISI upgraded Walt Disney to buy from hold and raised its price target to $120 per share. The firm thinks Disney is positioned to benefit from an improving economic environment.