Ford Motor Co
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Consumer Discretionary : Automobiles | Mid Cap Value
Company profile

Ford Motor Company is a global automotive and mobility company. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories across the world. The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment.

Closing Price
$6.05
Day's Change
0.07 (1.17%)
Bid
--
Ask
--
B/A Size
--
Day's High
6.17
Day's Low
6.00
Volume
(Below Average)
Volume:
67,270,506

10-day average volume:
78,477,635
67,270,506

UPDATE: Tesla cut to neutral, GM raised to buy at Goldman Sachs

6:29 am ET June 12, 2020 (MarketWatch)
Print

Goldman Sachs on Friday lifted its outlook for global auto sales in 2020, and within that downgraded Tesla (TSLA) shares to neutral from buy, and lifted General Motors Co. (GM) shares to buy from neutral. Analysts said Tesla's (TSLA) downgrade comes as shares now trade above the bank's upgraded 12-month price target -- from $925 to $950, and as recent datapoints have been mixed. For example, the electric car maker cut pricing by 5-6% on its Model 3, S and X's and delivery lead times for the Model Y have dropped, said the bank. As for GM, analysts said they see 36% upside to a revised 12-month price target of $36 (from $25 prior). And the automaker has met their "rule of 3" on when to buy cyclical stocks -- trough margins, management capitulation and signs of life on the horizon. Shares of rose 5.4% in premarket trading, while Telsa was up 0.3%. As for the industry overall, Goldman is lifting its outlook for auto sales in 2020 to negative 14.5% yoy from negative 17% prior, with an 8.5% gain for 2021 seen.

-Barbara Kollmeyer; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 12, 2020 06:29 ET (10:29 GMT)

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