UPDATE: Morgan Stanley Downgrades Ford (F) to Equalweight

(Updated - October 19, 2018 8:48 AM EDT)

(updated to correct current rating)

Morgan Stanley analyst Adam Jonas downgraded Ford (NYSE: F) from Overweight to Equalweight with a price target of $10.00 (from $14.00).

The analyst comments "Our March upgrade was based on restructuring optionality, SOTP potential, and strategic transparency. While still possible, we see limited progress, a higher multiple, and increased credit/estimate risk that makes us think again."

For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.

Shares of Ford closed at $8.51 yesterday.

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