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Ford stock lacks ‘near-term upside,’ RBC says on downgrade

Analysts at RBC Funds Marketplaces have downgraded their ranking on Ford Motor Co.
inventory to the equal of keep, saying in a notice late Thursday that regardless of their belief that the car maker’s turnaround is “perfectly underway” and Ford can go on to transition toward a upcoming dominated by electric powered autos, autonomous automobiles, and computer software, “the upside appears to be like a tiny much more hard so going to sidelines for now.” The analysts upped their rate focus on on the inventory to $26, from $21, representing an upside of around 4% about Friday’s rates. Ford stock has taken off, up about 145% in the past 12 months, in comparison with gains of all around 23% for the S&P 500 index
in the same time period. Ford is viewed reporting fourth-quarter earnings later on this thirty day period.

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Sarah Jackson

Sarah Jackson is dedicated writer on Finance latest trends topics and have enormous knowledge in Finance & Accounting. Sarah is from Leeds, United Kingdom. Her finance and english skills are of top level and able to deal all kind of topics in same category. She also worked in London Stock Exchange.

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