Deutsche Bank Downgrades Ford (F) to Hold on Valuation, Prefers GM (GM)

Deutsche Bank downgraded Ford (NYSE: F) from Buy to Hold with a price target of $15.00 (from $13.00), citing valuation. They prefer GM.

"Comparing the upside/downside risks, we prefer GM (NYSE: GM) to Ford has potential
upside from improving losses in Europe and a pickup truck recovery, but pricing may become tougher in certain segments and we caution that Ford may face the same dynamic of lowering expectations that we’ve recently seen play out for GM (we believe Ford faces the same headwinds that led to it’s guide being below consensus)."

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 $14.17 yesterday.

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