Autos And Vehicles News 24

Ford Motor Company is facing a challenging road ahead, according to a recent analysis from Jefferies. Analyst Philippe Houchois and his team at Jefferies lowered their rating for Ford Stock from "Hold" to "Underperform" and reduced the price target significantly from $12 to $9. On Monday,  Ford Stock  dropped 3.9%, closing at $9.98. This marks a year-to-date decline of 15% as of last Friday. The analysts noted that Ford might see potential benefits if President-elect Donald Trump relaxes vehicle emissions regulations and modifies electric vehicle policies. However, they cautioned that the timing and scale of any such impact remain uncertain. In the near term, Ford is grappling with rising U.S. inventory levels, which outpace its competitors despite strong sales performance. While consistent production has helped the company maintain lower guidance for 2024, this trend could signal a more difficult beginning for 2025, according to the report. Jefferies also highlig...