Here are Thursday’s biggest calls on Wall Street: JMP Downgrades Peloton on Outperform Market Performance JMP downgraded the stock primarily on valuation. “We are downgrading our rating for shares of Peloton from Market Outperform to Market Perform as Peloton met our previous price target of $16, while leaving our estimates for FY2024 largely unchanged following … Read more
CNN — ford increases production of its popular Mustang Mach-E electric SUV and lowers the sticker price weeks after Tesla lowered the prices of its vehicles. The move represents a substantial rollback of the price increases Ford announced last summer for the 2023 models, but buyers may still pay a little more than they did … Read more
Visitors view a Ford Mustang Mach-E GT during opening day of the 2022 New York International Auto Show (NYIAS) in New York on Friday, April 15, 2022. Jeenah Maan | Bloomberg | Getty Images DETROIT – Let’s talk about pricing power. At least, General engines and Ford engine will likely do so this week as … Read more
Check out the companies making headlines during Monday afternoon trading. Macy’s flagship store at Herald Square in New York, December 23, 2021. Scott Mill | CNBC Colgate-Palmolive — Shares rose 2.8% after Morgan Stanley upgraded the stock from an equal weight to overweight and named it the top pick in the home and personal care … Read more
People visit Ford’s Mustang Mach-E all-electric SUV at the 2019 Los Angeles Auto Show in Los Angeles, United States, November 22, 2019. Xinhua via Getty Images DETROIT — Ford engine increases production and lowers prices of its electric Mustang Mach-E crossover, weeks after market leader Tesla announced similar plans for its EVs. The Detroit automaker … Read more
Customers in protective masks view the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, February 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers chase Tesla-like profits on new EVs, they’re faced with an existential question: How can franchised car dealerships best be … Read more
