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Ford Motor (F) shares plummeted Monday after UBS downgraded the Club holding — a call that strikes us as both belated and short-sighted given the stock’s considerable slide since January. With a dividend yield north of 5%, the Club is sitting tight. In a research note to clients, the bank warned that automakers like Ford and competitor General Motors (GM) are at risk of seeing their margins and earnings plummet next year, as recovering inventories and weaker consumer demand bring the industry into oversupply. As a result, UBS analysts lowered their rating on Ford to sell from neutral, while cutting their price target to $10 a share from $13 a share. The market took note, as Ford…
Source cnbc.com
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