Citigroup Cuts Ford (F) And GM (GM) To “Sell”

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After months of suffering indignities and falling sales, Citigroup cut shares in Ford (F) and GM (GM) to sell. It dropped it price target for Ford to $2.50 and GM’s to $6.

According to MarketWatch, "After maintaining a cautious stance on automaker stocks throughout the past several months, the risk-reward balance has tilted decidedly negative with the continued tightening of global credit conditions," the broker said

Douglas A. McIntyre