"UBS Downgrades Ford to 'Neutral'"

1 min read
Source: Yahoo Finance
"UBS Downgrades Ford to 'Neutral'"
Photo: Yahoo Finance
TL;DR

UBS downgraded Ford's stock from "Buy" to "Neutral," citing the automaker's challenges in execution and quality compared to its peers, as well as a slower transition to electric vehicles. The analyst believes Ford may have more obstacles to overcome and limited upside potential, while the company has already adjusted its plans due to the underwhelming growth in EV demand. Ford's shares have declined about 6% since the start of the year and are under pressure, prompting CEO Jim Farley to make adjustments to the company's build-out plans.

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