US:JP Morgan cuts Ford to 'underweight' - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 03-16-06, 01:58 PM Thread Starter
Registered User
Stacy94PGT's Avatar
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
US:JP Morgan cuts Ford to 'underweight'

JP Morgan cuts Ford to 'underweight'


NEW YORK -- J.P. Morgan Securities on Thursday cut Ford Motor Co. to "underweight" from "overweight," saying the automaker's product mix was deteriorating faster than the brokerage previously expected.

The brokerage said 2006 fleet sales were rising faster than expected, but Ford was losing notable volumes in the market for high-profit, mid-to-large SUVs.

J.P. Morgan expects Ford's F-150 pickup to face increased pressure in the large pickup segment in 2007 from General Motors' redesigned GMT900 series pickups -- the Chevrolet Silverado and GMC Sierra.

Cost-cutting potential at Ford remains interesting, the brokerage said but added that it was disappointed by a relative lack of detail in the company's recently announced restructuring plan.

"(Ford America's operations president) Mark Fields' initiatives hold promise on the product front ... but he seems unlikely to be able to notably influence Ford's near-term product cadence," analyst Himanshu Patel said in a note.

J.P. Morgan also cut its earnigns estimate on Ford to 50 cents a share from $1.15 for 2006 and to 60 cents a share from $1.00 for 2007.

My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome