RBC Capital Downgrades Ford on its North American Margin Risk
July 25, 2013 at 14:35 PM EDT
Despite its earnings beat on Wednesday, RBC Capital analyst Joseph Spak downgraded Ford (NYSE: F ) from Outperform to Market Perform and dropped the price target on the company from $19 to $18. The downgrade was primarily predicated on a projected 50bps contraction of margins for North America in
