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cintrix

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Monday, 10/16/2017 9:16:57 AM

Monday, October 16, 2017 9:16:57 AM

Post# of 20537
RBC downgrades Ford, cuts earnings estimates: 'It is still very early in the turnaround'

RBC Capital Markets downgraded Ford to sector perform from outperform, saying that any meaningful initiatives from new CEO Jim Hackett won't be felt for about two years.
Hackett announced he would be steering the company toward its most valuable products like trucks and SUVs and away from longtime staple areas like cars earlier this month.
Shares of Ford have rallied nearly 4 percent in the past month, but the stock remains negative since January, down 0.7 percent compared to the S&P 500's surge of more than 14 percent.

https://www.cnbc.com/2017/10/16/rbc-downgrades-ford-cuts-earnings-estimates.html?__source=Twitter
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