Ford's pain underscores uneven impact of two-year auto chip shortage

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Morgan Stanley defends Ford (F) following 4Q miss

February 7, 2023 7:36 AM EST

Morgan Stanley reiterated an Overweight rating on Ford (NYSE: F) and cut the price target on the stock to $14.00 (From $15.00) following the car makers 4Q earnings report. Ford missed 4Q by 30%, the only major miss of the 4Q auto earnings season thus far. The miss left investors struggling with a clear strategy on the way... More