
Ford Is Focusing Production in China, Nomura Doesn't Like it
Ford is moving production of its next-generation Focus compact to China.
Shares of Ford Motor Co. (F) - Get Report remained unchanged in premarket trading Friday after analysts at Nomura reduced the company's rating to "neutral" from "buy" while also lowering its price target to $11.60 per share from $14.80 per share.
The new price target represents a potential upside of 0.6% from the stock's previous closing price of $10.93 per share.
The firm believes that the company's decision to source production of its next generation Focus compact sedan from China will lead to Ford risking large market share losses in the segment in North America and Europe.
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