Shares of Ford (NYSE:F) are down today, which can be attributed to yesterday’s earnings miss and today’s analyst downgrade. Emmanuel Rosner of Deutsche Bank (NYSE:DB) changed his rating from Hold to Sell while assigning a price target of $11 per share. For reference, his previous price target was $13.
Rosner is concerned about Ford’s poor operational execution, which presents risks to its earnings trajectory. In addition, he doesn’t like the firm’s lack of visibility into its supply base.
Overall, Wall Street analysts have a consensus price target of $14.75 on Ford stock, implying almost 9% upside potential, as indicated by the graphic above.
