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Morgan Stanley Upgrades Ford (F) to Overweight; Cuts Price Target on General Motors (GM)

October 5, 2022 7:34 AM EDT

Morgan Stanley upgraded coverage on Ford Motor Company (NYSE: F) to Overweight (from Equal-Weight) and lowered their price target on General Motors (NYSE: GM) to $30 (from $42) based on valuation and preference.

Analyst, Adam Jonas wrote in a note, Our preference for Ford vis-à-vis GM is driven by our views of the business portfolio and strategy. Both... More