RBC Capital lowered the firm’s price target on Ford (F) to $10 from $13 and keeps a Sector Perform rating on the shares. The company has improved its dealer inventory position in July and the firm’s revised estimates – cutting FY25 EPS view by 19c to $1.73 and revenue by $2B to $172B – almost entirely coming from the worsening price and sales mix might be “too punitive”, RBC notes. The firm adds however that its discussions with many investors suggest continued preference for GM (GM) given the companies’ differing capital return profiles, the analyst tells investors in a research note.
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