Shares of Ford Motor faced a reluctant downgrade on Monday as Jefferies analyst Philippe Houchois downgraded the stock to Hold from Buy. Ford's price target also saw a decrease from $17 to $15 per share. In response to this announcement, Ford shares dropped by 1.2% in early trading while S&P 500 and Dow Jones Industrial Average futures experienced a slight increase of about … [Read more...] about Ford Motor Downgraded, Stellantis Emerges as a Stronger Contender
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August 2023: A Comparison to August 2011?
On Tuesday, Fitch Ratings made headlines by downgrading the U.S. government's top AAA rating to AA+, becoming the second major credit firm to do so. This move was met with swift condemnation from both the White House and the Treasury Department. Interestingly, history suggests that this downgrade might actually result in a rally within the Treasury securities market, which is … [Read more...] about August 2023: A Comparison to August 2011?
AT&T Stock Plunges as J.P. Morgan Downgrades Rating
Shares of AT&T Inc. sank to a nine-month low on Friday after J.P. Morgan downgraded the telecommunications giant. The downgrade was a result of slowing growth drivers and uncertainty surrounding potential liabilities related to lead-sheathed cables. Analyst Downgrades Rating and Lowers Price Target Analyst Philip Cusick, who had previously given AT&T an overweight … [Read more...] about AT&T Stock Plunges as J.P. Morgan Downgrades Rating
