From Financial Modeling Prep: 2025-04-10 23:16:00

Goldman Sachs downgraded Ford (NYSE:F) from Buy to Neutral, lowering the price target to $9 from $11. Shares dropped over 3% as concerns over earnings outlook and macroeconomic challenges grow. Previous optimism on Ford’s cyclical momentum was misplaced, with projected 2025 earnings per share slashed by 32% since September 2024.

Despite positives like expense management progress and U.S. manufacturing presence, Goldman sees a tougher road ahead for Ford. Factors like increasing global competition, softening consumer demand, and rising tariffs are expected to hinder the company’s ability to regain traction. The firm remains cautious due to uncertain timing of Ford’s push into software and services.

Goldman acknowledges potential in Ford’s long-term transformation but sees an unfavorable risk-reward balance at current valuation levels. Without clear signs of near-term earnings improvement or cyclical recovery, the firm has stepped to the sidelines. The company’s successful cost-cutting initiatives and investor sentiment may have cushioned the impact of earnings revisions.



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