What's Behind Ford Stock's New Sell Rating?
Ford Motor(F) Kiplinger.com·2024-12-17 01:21
Ford Motor (F) stock is moving lower Monday after financial services firm Jefferies downgraded the automaker to Underperform (equivalent to a Sell) from Hold and lowered its price target to $9 from $12.Ford stock has disappointed investors so far in 2024 with a decline of more than 16% for the year to date. And Jefferies analyst Philippe Houchois sees further downside from here, citing an inventory overhang, an upcoming decision on its European presence and concerns over high warranty costs.De-stocking has ...