Ford (F) PT Lowered to $8 at Buckingham Research

Buckingham Research analyst Joseph Amaturo lowered the price target on Ford (NYSE: F) to $8.00 (from $9.00) while maintaining a Neutral rating.

The analyst comments "We are pretty confident Ford falls meaningfully short of EPS and AFCF expectations for 3Q19, which are expected to be reported AMC on 10/23/19. We are also becoming increasingly concerned about end market demand in many of the markets it participates in. Also, it appears GM/UAW negotiations are gaining some momentum, so if they were to get a tentative deal more than likely F/UAW talks would heat up, but we are not calling for a strike at Ford."

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