Ford halting Venezuela production until April, executive says
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December 21, 2016 7:59 AM EST
Instinet reiterated a Neutral rating on General Motors (NYSE: GM), and raised the price target to $34.00 (from $33.00). Instinet expects the company's North American wholesale sales to fall by 11% y-y in 2017. The fall will be driven primarily by an inventory adjustment, following the buildup this year.
Analyst Anindya Das commented, "We expect GMs North American (NA)... More
December 21, 2016 7:40 AM EST
Instinet reiterated a Buy rating on Ford Motor (NYSE: F), and raised the price target to $14.50 (from $14.00), after adjusting estimates.
Analyst Anindya Das commented, "We have adjusted our estimates for the inventory drawdown in 2016 to allow for Fords production adjustments in... More
