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Ford Gets a Downgrade but the Stock Is Up. Deliveries Were Strong.


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Shares of Ford Motor caught a downgrade Thursday, but a lot is going right at the company these days, as its November delivery numbers show.

Wolfe Research analyst Rod Lache downgraded Ford (ticker: F) to Hold from Buy, but raised his target for the stock price to $22 from $17. Relative valuation seems to be the biggest reason for the change.

Coming...