F: PaineWebber, DLJ Lower Ford's Earnings Estimates - TheStreet

In a report titled "Ford: The Worst Appears Over, Officially Lowering Estimates,"

PaineWebber

cut its third-quarter and fourth-quarter estimates on

Ford

(F) - Get Report

by a penny each.

The firm, which maintained its buy ratings and $46 price target on Ford, wrote that while Ford still has liability issues, "it appears that the tread separation issue is becoming more attributable to Firestone."

Donaldson Lufkin & Jenrette

cut its fiscal 2000 estimates on the automaker to $3.66 from $3.69 a share.

Ford was lately off 25 cents, or 0.95%, to $26.06.