Ford shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target to $12.
Portfolio Pulse from Benzinga Newsdesk
Ford shares declined following a downgrade by Morgan Stanley from Overweight to Equal-Weight, with a reduced price target of $12.
September 25, 2024 | 11:57 am
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NEGATIVE IMPACT
Ford's stock was downgraded by Morgan Stanley from Overweight to Equal-Weight, and the price target was reduced to $12, leading to a decline in share price.
The downgrade by a major financial institution like Morgan Stanley typically signals a negative outlook, which can lead to a decrease in investor confidence and a drop in stock price. The reduced price target further supports this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100