Barclays Downgrades Ford to “Equalweight” (F)
On Friday analysts at Barclays downgraded American car manufacturer Ford Motor Company (F) saying the stock is fairly valued and offers limited upside.
The analysts downgraded Ford from “Overweight” to “Equalweight” and see shares reaching $15. This target is about an +8% upside to Thursday’s closing price of $13.87.
Ford shares were down slightly during pre-market trading on Friday. The stock is up +10.17% over the past year.
The Bottom Line
Shares of Ford (F) have a 2.88% dividend yield, based on last night’s closing stock price of $13.87. The stock has technical support in the $12-$13 price area. If the shares can firm up, we see overhead resistance around the $15-$15.50 price levels.
Ford Motor Company (F) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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