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F

Ford

$8.72

0.355 (4.25%)

06:39
01/10/19
01/10
06:39
01/10/19
06:39

Ford says to end production at Ford Aquitaine industries plant in France

Ford is establishing three customer-focused business groups in Europe - Commercial Vehicles, Passenger Vehicles, and Imports - each with clearly defined aspirations and dedicated organizations. The new operating model will better enable the businesses to make fast decisions centered on customer needs. Ford of Europe is targeting a 6 percent EBIT margin longer term, with returns in excess of the cost of capital for each business group. Ford will continue to enhance its commercial vehicle leadership in Europe with a tightly integrated offering of smart vehicles, services and partnerships that deliver lifetime value for commercial customers. Ford will establish a more targeted portfolio of European-built passenger vehicles focused on the quality, technology-rich and fun-to-drive DNA of the Ford brand, with the goal of building emotional connections with customers through sporty and progressive designs. A niche portfolio of imported iconic nameplates for Europe that builds on the heritage of the Ford brand will include Mustang, Edge, and another SUV to be revealed in April, along with an all-new Mustang-inspired full-electric performance utility in 2020. Ford's new strategy will result in a more efficient and focused business. Key actions already underway include: Production at the Ford Aquitaine Industries plant in Bordeaux, France, which manufactures small automatic transmissions, will end in August 2019. Formal discussions have begun between Ford and its Works Council to end production of the C-MAX and Grand C-MAX at the Saarlouis Body and Assembly Plant in Germany as the compact MPV segment shrinks in Europe. Ford is undertaking a strategic review of Ford Sollers, its joint venture in Russia. Several significant restructuring options for Ford Sollers are being considered by Ford and its partner, Sollers PJSC. A decision is expected in the second quarter. Ford plans to consolidate its UK headquarters and Ford Credit Europe's headquarters at the Ford Dunton Technical Center in South East Essex to improve business fitness and create a customer-centric technical hub. The action is subject to union consultation and local approvals.

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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.

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GWPH

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FDX

FedEx

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3.72 (2.15%)

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ENLK

EnLink Midstream Partners

$13.58

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EnLink Midstream

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MKL

Markel

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13.52 (1.28%)

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NILSY

Norilsk Nickel

$0.00

(0.00%)

16:35
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Downgrade
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JNJ

Johnson & Johnson

$130.65

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FOMX

Foamix

$3.70

-0.14 (-3.65%)

16:32
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Foamix to host research and development day »

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NBRV

Nabriva Therapeutics

$1.97

-0.01 (-0.51%)

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Conference/Events
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VLRS

Volaris

$7.50

0.04 (0.54%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

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$0.00

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FTSV

Forty Seven

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TSLA

Tesla

$302.26

-45.18 (-13.00%)

, WMT

Walmart

$97.75

1.01 (1.04%)

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Fly Intel: Wall Street's top stories for Friday »

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WMT

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CVS Health

$65.49

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NFLX

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$339.20

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FB

Facebook

$150.01

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AAPL

Apple

$156.85

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QCOM

Qualcomm

$55.26

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FND

Floor & Decor

$31.99

2.34 (7.89%)

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Bank OZK

$32.07

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VFC

VF Corp.

$82.39

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Nautilus

$7.00

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Casa Systems

$11.23

-3.17 (-22.01%)

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SNE

Sony

$50.08

0.58 (1.17%)

16:12
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PLD

Prologis

$64.58

0.53 (0.83%)

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  • 22

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CYDY

CytoDyn

$0.00

(0.00%)

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WHF

WhiteHorse Finance

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CB

Chubb

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0.6 (0.45%)

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ESEA

Euroseas

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MRK

Merck

$75.68

0.08 (0.11%)

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Samsung

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Roche

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NKE

Nike

$80.35

1.23 (1.55%)

15:40
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Options
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