Ford Stock Slumps 7% on Analyst Downgrade

  • Ford (F) stock is falling thanks to a downgrade.
  • This saw UBS analyst Patrick Hummel reduce it to a “sell” rating.
  • He also dropped his price target for Ford shares to $10.
Ford Stock - Ford Stock Slumps 7% on Analyst Downgrade

Source: D K Grove /

Ford (NYSE:F) stock is losing traction on Monday after UBS analyst Patrick Hummel hit the automobile company’s shares with a downgrade.

That downgrade sees Hummel drop F stock from its prior “neutral” rating to a new “sell” rating. To put that in perspective, the analysts’ consensus rating for Ford stock is “hold.” That comes from eight “buy” ratings, nine “hold” ratings, and four “sell” ratings.

To go along with that downgrade, the UBS analyst also dropped his price target for F stock to $10 per share. The prior price target was sitting at $13 per share. For comparison, the analysts’ consensus price target is sitting at $17.77. F shares also closed out Friday at $12.20 each.

Why the Bearish Stance on Ford Stock?

Investors will note that Hummel’s downgrade comes ahead of the company’s third-quarter earnings report later this month. He cites the risk of a recession in the U.S. as part of the reason for the lower rating. Also, the analyst has concerns about the company’s performance in Europe.

And it’s not just Ford stock the UBS analyst is slamming today. He also slapped General Motors (NYSE:GM) shares with a “sell” rating and a $38 price target. For the record, his prior rating for GM stock was “neutral” with a $56 price target.

F stock is down 7.3% as of Monday morning.

Investors seeking out more recent stock market news will want to stick around!

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

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