Goldman loses conviction on GM, cuts Ford rating
October 14, 2014 at 12:58 PM EDT
Goldman Sachs analysts removed General Motors shares from the brokers conviction buy list, after months of underperformance and a lowered outlook for global industry sales. Goldman also downgraded Ford Motor, Lear and Group 1 Automotive, while upgrading Delphi, BorgWarner and Federal-Mogul.