Ford Motor (F) Misses Q2 EPS by 4c, Lowers FY Guidance

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Go back to Ford Motor (F) Misses Q2 EPS by 4c, Lowers FY Guidance

Ford (F) PT Lowered to $11.50 at RBC Capital

July 26, 2018 7:56 AM EDT

RBC Capital lowered its price target on Ford (NYSE: F) to $11.50 (from $13.00) while maintaining a Sector Perform rating.

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Ford cuts 2018 profit forecast; tariffs, China sales hurt second quarter

July 25, 2018 4:17 PM EDT

By Nick Carey and Ben Klayman

DETROIT (Reuters) - Ford Motor Co (NYSE: F) on Wednesday lowered its full-year earnings forecast due to slumping sales and trade tariffs in China and its struggling business in Europe, and said ongoing plans to revamp its business could lead to pre-tax charges of up to $11 billion over the next three to five years.

Ford, the No. 2 U.S. automaker, also postponed a meeting with investors that was scheduled for September. The company said it would be rescheduled when "more specifics can be shared on global redesign and... More