DETROIT (AP) — Shares of Ford Motor Co. fell Wednesday after a Morgan Stanley analyst cut his stock price target by $2 and reduced earnings estimates through 2016.
It was the second day in a row that analyst Adam Jonas cut the target price of an automaker. On Tuesday, he knocked $2 off General Motors Co.’s target price, and that helped send GM stock down almost 6 percent for the day. The decline continued at a much slower pace Wednesday.
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