Ford Removed from BofA US 1 List

Loading...
Loading...

 

Ford Motor Company F was removed from the US 1 list at Bank of America Merrill Lynch on Wednesday.

 

According to BofA, “the US 1 list is intended to represent a collection of our best investment ideas that are drawn from the universe of “Buy” rated US-listed stocks(includingADRs),covered by BofA Merrill Lynch fundamental equity research analysts.”

 

The change in coverage came as a result of Ford’s listing expiring after a 12-month term on the list and BofA declining to extend its term.  The change could put further pressure on the stock.

 

Ford announced this week that it expects to report a pre-tax profit this year of $6 Billion, $1.5 Billion less than forecast earlier in the year.  Shares fell nearly 8 percent on the news.

 

Ford closed at $14.79 on Tuesday.

date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: TerminationAnalyst Ratings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...