Why Ford (F) Stock Is Down Today

NEW YORK (TheStreet) -- Ford (F) was falling -1% to $17.25 Friday after announcing a new 83,250 vehicle recall.

The automaker its recalling the 2012-2014 Ford Edge and Lincoln MKX, the 2013-2014 Ford Flex and Lincol MKT, and the 2013-2014 Ford Taurus and Lincoln MKS. An improper installation of a clip in the axle can cause the halfshaft to disengage from the linkshaft, resulting in the loss of power to the wheels while driving, according to Ford. The cars and SUVs can also roll away while in “park” when the emergency brake isn’t engaged.

Ford said there were no reports of injuries or accidents caused by the issues.

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TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate FORD MOTOR CO (F) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, growth in earnings per share, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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