Hot Wheels

All About Vehicles

Send me real-time posts from this site at my email
Bobby Harvey

Ford's Turnaround Still Stuck In Neutral

RBC Capital Markets watches the auto race from the sidelines.

The research firm has a Hold on General Motors Company (NYSE: GM), the most likeable automaker on the Street, and a Hold on Tesla Inc (NASDAQ: TSLA), which some consider the industry frontrunner.

On Monday, it slapped the same rating on Ford Motor Company(NYSE: F).

“Net, while we believe new CEO Jim Hackett has a solid long-term vision, it is very early in the turnaround and we think little can change over the coming years (making F subject to cycle),” analyst Joseph Spak said in a note. RBC downgraded Ford to Perform with a $13 price target. Source

F: There is a breakout of the rising wedge. Some downside can be formed.