Market Overview

Ford Shares Trade Lower Following 15% Price Target Cut from Morgan Stanley

Share:

Shares of Ford (NYSE: F) are reacting to a price target cut from $20 to $17 by Morgan Stanley, trading down 1.6 percent to $15.83. The firm maintained an Overweight rating on the stock.

Analyst Adam Jonas reduced the 2015 earnings per share forecast by 12 percent from $2.08 to $1.83 for three reasons:

  • Unanticipated headwinds in the key emerging market regions in Latin America.
  • Increased competition in the U.S. market. The analyst expects “vastly improved cars on U.S. shores from 2015.
  • Lightweighting of F-Series pickup applies up-front pressure to North America margins.

Jonas believes Ford will outperform broader auto coverage, “which on average has 7% downside to [the analyst's] price targets.”

The shares may also be trading in sympathy to General Motors, which was hit with another negative headline and a downgrade from Jonas.

Latest Ratings for F

DateFirmActionFromTo
Oct 2019DowngradesBuyHold
Oct 2019MaintainsNeutral
Oct 2019MaintainsNeutral

View More Analyst Ratings for F
View the Latest Analyst Ratings

Posted-In: Adam Jonas Morgan StanleyAnalyst Color Analyst Ratings Movers

 

Related Articles (F)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TOLGoldman SachsInitiates Coverage On42.0
KBHGoldman SachsInitiates Coverage On36.0
YEXTSunTrust Robinson HumphreyMaintains28.0
LHCGSunTrust Robinson HumphreyMaintains160.0
DLRSunTrust Robinson HumphreyMaintains140.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Gigamon Receives Upgrade After Dropping 36%

Tesla Introduces Business Leasing Program