Shares of Ford Motor and General Motors fell about 5% on Wednesday after Morgan Stanley analysts downgraded the U.S. automakers, citing a challenging market ...
Ford, GM shares fall after Morgan Stanley analyst downgradeNEW YORK - Shares of Ford Motor and General Motors fell about 5% on Wednesday after Morgan Stanley analysts downgraded the U.S. automakers, citing a challenging market environment marked by falling prices and growing competitive threats particularly from China.
Ford was downgraded to "equal weight" from "overweight", while its price target was cut to $12 from $16. Its shares were down more than 4% at $10.42, on track for the biggest daily percentage decline since early August. Vice President Kamala Harris will visit the U.S.-Mexico border in Arizona on Friday as her campaign increasingly tries to make the issue of immigration more of a strength, countering a line of political attack from former President Donald Trump. Trump has built his campaign partly around calling for cracking down on immigration and the southern border, even endorsing using police and the military to carry out mass deportations should he be elected in November.
New survey reveals that Canadian travel intent remains strong, with savvy Canadians implementing smart saving and spending techniques to make their dream vacations a reality
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