Ford Downgraded at Jefferies 
<p>Jefferies downgraded <a href='https://financialmodelingprep.com/financial-summary/F'>Ford (NYSE:F)</a> from a Buy to a Hold rating and lowered their price target on the stock from $17.00 to $15.00. The decision came after Ford reported worse-than-expected losses in the electric vehicle (EV) segment and revised down their guidance for the Model e.</p>
<p>The analysts mentioned that while they appreciate Ford's efforts in disclosure and accountability, there seems to be no apparent change in the mid-term strategy. The focus on Gen 2 being software-centric and a concentrated line-up makes sense, but it will only become effective in 2026, leaving a less differentiated investment case in the years leading up to that point.</p>
<p>Ford updated its adjusted EBIT forecast to be in the range of $11-13 billion, which surpassed Jefferies' previous predictions of $9-11 billion. In response to the positive performance in H1 at Blue and the momentum at Pro, which outweighed the guided $1.5 billion deterioration in Model e, Jefferies raised its estimates to $11.9 billion, reflecting a 10% increase.</p>

NYSE:F