Ford Catches Downgrade On EV Business Setback, Analyst Names This Automaker As One With Best Trade-Off
Portfolio Pulse from Shanthi Rexaline
Jefferies analyst Philippe Houchois has downgraded Ford (F) from Buy to Hold and reduced the price target from $17 to $15 due to worsening electric vehicle unit losses and strategic wobble. General Motors (GM) was maintained at Hold with a $39 price target. Stellantis (STLA) was maintained at Buy with a price target increased from $22.90 to $25.30, as it offers the best trade-off between valuations and returns.
July 31, 2023 | 2:14 pm
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POSITIVE IMPACT
Stellantis was maintained at Buy with a price target increased from $22.90 to $25.30 by Jefferies analyst, as it offers the best trade-off between valuations and returns.
The maintenance of Stellantis at Buy with an increased price target by Jefferies analyst is likely to positively impact Stellantis's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
General Motors was maintained at Hold with a $39 price target by Jefferies analyst.
The maintenance of General Motors at Hold with a $39 price target by Jefferies analyst is likely to have a neutral impact on GM's stock in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Ford has been downgraded from Buy to Hold by Jefferies analyst due to worsening electric vehicle unit losses and strategic wobble.
The downgrade by Jefferies analyst due to worsening electric vehicle unit losses and strategic wobble is likely to negatively impact Ford's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100