Ford Motor shares are trading lower after Wells Fargo maintained an Underweight rating on the stock and lowered its price target from $10 to $9.
Portfolio Pulse from Benzinga Newsdesk
Ford Motor shares declined after Wells Fargo maintained an Underweight rating and reduced its price target from $10 to $9.
September 10, 2024 | 3:17 pm
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Ford Motor shares are trading lower following Wells Fargo's decision to maintain an Underweight rating and lower the price target from $10 to $9.
The downgrade in price target and maintenance of an Underweight rating by Wells Fargo is likely to negatively impact investor sentiment, leading to a short-term decline in Ford's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100