UPDATE: Ford Shares Tumble, Craig-Hallum Downgrades and Calls Stock 'Dead Money'
December 19, 2013 at 11:59 AM EST
In a report published Thursday, Craig-Hallum analyst Steve Dyer downgraded the rating on Ford Motors (NYSE: F ) from Buy to Hold, and lowered the price target from $21.00 to $16.00. In the report, Dyer commented, “Ford shares are likely dead money over the next few quarters as the company