Automotive giant Ford Motors saw its stock dip on Monday after it was downgraded by investment bank Jefferies.
Jefferies’ analysts downgraded Ford stock from “hold” to “underperform” due to concerns about the company’s inflated inventory. The note sent to clients also highlighted “looming strategic decisions...
U.S. car stocks have fallen on Wednesday following a sweeping downgrade by Morgan Stanley analysts. The downgrades included the stock of legacy car makers Ford Motors and General Motors (GM), as well as electric vehicle manufacturer Rivian Automotive.
According to Morgan Stanley, the U.S. auto...
The week is off to a bad start for Ford and General Motors. After their stocks have been downgraded to Sell by UBS analyst Patrick Hummel, Ford’s shares dipped around 7% while GM saw its own shares plunge more than 5%.
Hummel based his evaluation...
