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Ford Motor Company Removed From Bank Of America US 1 List

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Ford Motor Company (NYSE: F) was removed from the US 1 list at Bank of America.

According to Bank of America, "the US 1 list is intended to represent a collection of our best investment ideas that are drawn from the universe of “Buy” rated US-listed stocks(including ADRs),covered by BofA Merrill Lynch fundamental equity research analysts."

The change in coverage came as a result of Ford’s listing expiring after a 12-month term on the list and Bank of America declining to extend its term. The change could put further pressure on the stock.

Ford announced this week that it expects to report a pre-tax profit this year of $6 billion, $1.5 billion less than forecast earlier in the year. Shares fell nearly 8 percent on the news.

Ford closed at $14.79 on Tuesday.

Latest Ratings for F

DateFirmActionFromTo
Aug 2019UpgradesEqual-WeightOverweight
Jun 2019Initiates Coverage OnOutperform
May 2019UpgradesNeutralBuy

View More Analyst Ratings for F
View the Latest Analyst Ratings

Posted-In: Bank of AmericaTermination Analyst Ratings

 

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