Fly News Breaks for May 22, 2017
TM, GM, F
May 22, 2017 | 10:24 EDT
Evercore ISI analyst George Galliers said retiring Ford (F) CEO Mark Fields' nearly three years at the helm "has not been all plain sailing for the company, [but] has not been bad either." The market's initial reaction may be positive, given that its stock price is down 37% since Fields took over while General Motors (GM) slid 14% and Toyota (TM) dropped 3% during the same time frame, but incoming CEO Jim Hackett must quickly articulate his plans if investors are going to gain greater confidence, said Galliers, who keeps an In Line rating on Ford shares.
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