Ford cuts for sale at Deutsche Bank after earnings miss
Ford Motor Company
was downgraded to sell from holdings at Deutsche Bank, which also reduced its price target from $13 to $11. Analyst Emmanuel Rosner said the fourth-quarter results and the 2023 outlook “show significant operational shortcomings and suggest meaningful downside risks to the earnings trajectory.” While management blamed suboptimal physical economy and supply chain conditions and poor operations, Rosner said he was also concerned about Ford’s limited vision for the facility. its supply. Shares of Ford fell 8% to $13.23 on Friday but are up 14% this year, outpacing the S&P 500’s 8% gain.