Wed Sept 25, 2024
Morgan Stanley down grades Ford from a target of 16 to 12 after it drops to 10.38. No doubt they will drop the 12 target of the stock falls further.
This is typical of analysts comments,the cows leave the barn and then they close the door. the correct recommendation on Ford would be to avoid until they stop losing money on EVs, losing thousands on the electric F 150.
The irony of all this is that Ford unlike GM or Chrysler . Stellantis did not take bankruptcy but assumed an $18 B debt. Today ford is just over ten bucks and GM is 45. The only conclusion is that bankruptcy is not a black eye, it is now a strategy. JNJ just took BK for the third time and it trades around 150.
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