Ford Stock Falls After Jefferies Analyst Downgrade

Key TakeawaysFord Motor stock was downgraded by Jefferies on Monday, with the firm's analysts citing the carmaker's inventory backlog as a concern.Jefferies lowered its rating to "underperform" from "hold" and slashed its Ford price target by $3 to $9, below Wall Street's consensus. The analysts said the carmaker faces an increasing inventory backlog and costs relating to restructuring and warranty payments. Ford Motor (F) shares fell Monday after analysts at Jefferies downgraded the stock, pointing to inve ...