GM = Volt-Yugo
2015-06-25 01:45:41 UTC
Ford Motor Co.s shares rose while General Motors Co.s fell
after Goldman Sachs Group Inc. flipped its preference between
the two automakers, saying Ford has a superior growth outlook.
Ford will benefit in this years second half from the redesigned
F-150 pickups and is improving in China, Goldman said in a
research note Tuesday after the close in New York. GMs
incentives on light trucks are climbing because of competition,
and the Detroit-based company may miss its forecasts in China as
that market weakens, according to the note.
Goldman analysts Patrick Archambault and David Tamberrino raised
Dearborn, Michigan-based Ford to buy from neutral and increased
its 12-month price target for the shares to $19 from $18. GM was
cut to neutral from buy, and the target was reduced to $40 from
$47.
Ford rose 1.4 percent to $15.50 in New York, the highest closing
price since May 21. GM slid 3.1 percent to $35.16, the steepest
daily decline since April 23.
http://www.bloomberg.com/news/articles/2015-06-24/ford-rises-gm-
slips-after-goldman-shifts-automaker-preference
after Goldman Sachs Group Inc. flipped its preference between
the two automakers, saying Ford has a superior growth outlook.
Ford will benefit in this years second half from the redesigned
F-150 pickups and is improving in China, Goldman said in a
research note Tuesday after the close in New York. GMs
incentives on light trucks are climbing because of competition,
and the Detroit-based company may miss its forecasts in China as
that market weakens, according to the note.
Goldman analysts Patrick Archambault and David Tamberrino raised
Dearborn, Michigan-based Ford to buy from neutral and increased
its 12-month price target for the shares to $19 from $18. GM was
cut to neutral from buy, and the target was reduced to $40 from
$47.
Ford rose 1.4 percent to $15.50 in New York, the highest closing
price since May 21. GM slid 3.1 percent to $35.16, the steepest
daily decline since April 23.
http://www.bloomberg.com/news/articles/2015-06-24/ford-rises-gm-
slips-after-goldman-shifts-automaker-preference