The week didn't kick off well for Ford (NYSE:F) at all. The automotive giant slid over 6% in pre-market trading on Monday, and it also kept those losses going into the day's trading session. What took the wind out of Ford's sails was a downgrade from Goldman Sachs (NYSE:GS). Analyst Patrick Hummel lowered Ford from Neutral down to Sell. Hummel also cut the company's price target from $13 per share to $10 per share. Hummel noted that a recession in the U.S. and troubles in Europe are likely to add up to a disaster for the company. The news wasn't good for Ford and worse for Ford investors.
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Ford Motor (NYSE:F)
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