Goldman Sachs downgraded Ford (F) to Neutral from Buy with a price target of $9, down from $11. The firm sees a more difficult cyclical dynamic for the company, including competition internationally, weaker consumer demand, and what it expects will be higher costs from tariffs. In addition, Ford has recently outperformed peers and now trades at an expanded relative valuation multiple versus peers, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
- “Now Would Be a Good Time…” to Buy a Ford as Ford Stock (NYSE:F) Surges
- Apple, Starbucks upgraded: Wall Street’s top analyst calls
- Bernstein cut Ford to Underperform with tariff risk not priced in
- Carmakers hold thousands of cars at U.S. ports, FT reports
- Ford downgraded to Underperform from Market Perform at Bernstein