Ford Drops on Downgrade

Shares of Ford Motor ($F) are down today after the stock was downgraded by Morgan Stanley. They cut it from from Overweight to Underweight and lowered their price target to $16 per share.

The stock is back below $16.80 per share which is a very attractive price. Make no mistake, Ford’s business is doing very well. We’ll find out more in about six weeks when they report again. The stock is currently going for about 8.6 times next year’s earnings.

Posted by on September 8th, 2014 at 2:53 pm


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