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Tax-Related Miss Blamed for Decline in Ford Motor (F) Shares; UBS Cuts Price Target to $22

October 28, 2015 11:31 AM EDT

UBS maintained a Buy rating on Ford (NYSE: F), and cut the price target to $22.00 (from $23.00), following the company's 3Q earnings results. Ford shares fell ~5% after todays tax-related miss.

Analyst Colin Langan commented, "The reaction likely reflects the higher tax forecast & a... More