In a report titled "Ford: The Worst Appears Over, Officially Lowering Estimates,"
cut its third-quarter and fourth-quarter estimates on
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.