Ford Stock Falls After Jefferies Downgrade to “Underperform”
Ford Motor Company’s shares plummeted over 3% before the opening bell on Monday, following a downgrade by Jefferies from “hold” to “underperform”. The brokerage cited concerns over inventory build-up, strategic uncertainty in Europe, and a widening gap between warranty provisions and cash outflows. Jefferies analysts reduced its price target for Ford to $9, citing de-stocking … Read more