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F

Ford

$8.72

0.355 (4.25%)

05:50
01/10/19
01/10
05:50
01/10/19
05:50

Ford to lay off 'thousands,' slim vehicle line-up in Europe, FT reports

Ford will slim its vehicle line-up across Europe and cut "thousands" of workers as the automaker forges ahead with a $14B global cost cutting plan, The Financial Times reports. "This is not about making the business today more efficient but completely redesigning it," Ford's European president Steve Armstrong told the publication. The does not yet have a figure for the number of jobs affected but Armstrong says it is "safe to say it will be thousands... it will be a significant impact on the employment numbers." Ford currently employs 53,000 people in Europe across 15 plants. Armstrong also says every part of the automaker's European business will come under review. Reference Link

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F Ford
$8.72

0.355 (4.25%)

12/13/18
DBAB
12/13/18
INITIATION
Target $12
DBAB
Buy
Ford initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Emmanuel Rosner started Ford Motor with a Buy rating and $12 price target.
12/13/18
DBAB
12/13/18
INITIATION
DBAB
Deutsche Bank initiates auto sector with cautious view
Deutsche Bank analyst Emmanuel Rosner initiated coverage of the auto sector with a cautious view. Rosner said this view reflects "cyclical and macro risks for the industry across the globe, as well as secular pressure from the shift towards electrified vehicles and autonomous shared mobility." The analyst favors suppliers with "secular growth potential through adoption of their technology," and as such, initiated Aptiv (APTV) and BorgWarner (BWA) with Buy ratings. Rosner also saw value in "suppliers that can maintain organic growth through share gains or favorable end-markets, and have favorable operational track record," and as such, initiated Dana Inc (DAN) and Lear Corporation (LEA) with Buy ratings. The analyst also started General Motors (GM) and Ford (F) with Buy ratings, citing "large potential upside from restructuring and portfolio decisions, favorable product mix and cycle, and value optionality from their efforts in Mobility." Rosner said he was negative on stocks facing secular pressure or market share loss, adding that he sees downside risk in Autoliv (ALV) and Veoneer (VNE), which he initiated with Sell ratings.
12/14/18
12/14/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Outperform at Wedbush and a Hold at Deutsche Bank. 2. New York Times (NYT) initiated with an Outperform at Evercore ISI. 3. Ford (F) and General Motors (GM) were initiated with a Buy at Deutsche Bank, while Autoliv (ALV) was initiated with a Sell. 4. AstraZeneca (AZN) initiated with a Buy at SunTrust while GlaxoSmithKline (GSK) was initiated with a Hold. 5. DaVita (DVA) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/18/18
MSCO
12/18/18
NO CHANGE
Target $10
MSCO
Equal Weight
Ford potential dividend cut could be a buy signal, says Morgan Stanley
Morgan Stanley analyst Adam Jonas said he continues to expect Ford to cut its dividend in half during 2019, but such a potential cut of the dividend could be a buy signal in his view. Such a cut would be a sign that Ford is prepared to make a stronger commitment to sustainable technology than he believes has been demonstrated thus far, Jonas explained. The analyst, who thinks Ford's decisions in the next 6 months could set the tone for the stock over the next several years, also forecasts Ford will undertake a "very significant" restructuring over the next 12 to 18 months that could reduce the size of the company's footprint by more than 25% and include as much as 25,000 headcount cuts. Jonas maintains an Equal Weight rating and $10 price target on Ford shares.

TODAY'S FREE FLY STORIES

MDT

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BG

Bunge

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AUPH

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IPGP

IPG Photonics

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CNC

Centene

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QURE

uniQure

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CNCE

Concert Pharmaceuticals

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RCKT

Rocket Pharmaceuticals

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PSTI

Pluristem

$1.12

(0.00%)

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TLRY

Tilray

$77.14

-6.17 (-7.41%)

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BG

Bunge

$52.95

0.745 (1.43%)

, CAG

Conagra Brands

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BG

Bunge

$52.95

0.745 (1.43%)

CAG

Conagra Brands

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CGEN

Compugen

$3.18

0.07 (2.25%)

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KSU

Kansas City Southern

$110.57

6.4 (6.14%)

07:00
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TRV

Travelers

$123.97

1.03 (0.84%)

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TRV

Travelers

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1.03 (0.84%)

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CONN

Conn's

$19.65

0.31 (1.60%)

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AMRX

Amneal Pharmaceuticals

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TRV

Travelers

$123.97

1.03 (0.84%)

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Earnings
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AINV

Apollo Investment

$14.51

-0.01 (-0.07%)

06:57
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Upgrade
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IDXG

Interpace Diagnostics

$1.07

(0.00%)

, LH

LabCorp

$137.67

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IDXG

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$1.07

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LH

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$137.67

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ZBH

Zimmer Biomet

$105.33

-0.83 (-0.78%)

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LCI

Lannett

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SDLP

Seadrill Partners

$1.77

0.07 (4.12%)

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