Sell Ford Stock Because Fighting the EV Wars Will Be Expensive
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Stock in Ford Motor caught a downgrade Tuesday because fighting in the coming electric-vehicle wars is going to be very expensive. That might not be great for profits.
Nomura analyst Anindya Das downgraded Ford (ticker: F) stock to Sell from Hold Tuesday. His price target goes to $13 from $13.30. Both the old and new targets are far below where the shares trade, and the downgrade isn’t impacting shares all that much Tuesday. Ford stock is up about 0.5% to $18.04. The S&P 500 and Dow Jones Industrial Average have added 0.3%...