Bear Stearns Upgrades Ford To Outperform On Valuation
Bear Stearns upgrades Ford, downgrades General Motors(CBS MarketWatch 08/14 07:11:39)
Bear Stearns upgraded Ford Motor Co. two notches to outperform from underperform and downgraded General Motors to underperform from peer perform. "In a sentence, we believe most of the good news is behind GM but ahead of Ford. At the margin, we're buyers of Ford's on-the-come restructuring news and sellers of GM's sales-dependent recovering, consistent with our thesis that the way to make money on the Detroit Big Three is to trade around turnarounds," the broker said.
8/14/2006 09:37:00 AM
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