Credit Suisse analyst Dan Levy downgraded Ford to Neutral from Outperform with a price target of $9, down from $11. In a research note to investors, Levy says that with Ford posting a third straight quarter of weak guidance, and with EBIT now down by nearly 50% since 2016 despite strength in its core market and product, there are increasingly questions of execution risk clouding the path of recovery. If Ford can successfully execute on key launches, Levy says investors may be more excited on strength in 2021.

Ford is recalling over 456,000 Bronco Sport and Maverick vehicles due to a battery detection issue that can result in loss of drive power, increasing the risk of a crash, Wyatte Grantham-Philips of The Associated Press reports, citing documents published by the National Highway Traffic Safety Administration. The recall covers about 403,000 model year 2021-2024 Bronco Sports produced between February 2020 and March 2024, as well as more than 53,000 model year 2022-2023 Mavericks manufactured from February 2021 to October 2022, according to the report. A Ford spokesperson confirmed to The Associated Press Wednesday, that the software update should arrive by later in the second quarter, commenting that "safety is a top priority, and we are taking proactive measures to address this issue promptly and effectively." Reference Link