These Stocks Just Had Their Ratings and Price Targets Slashed by Analysts

Shares of Ford Motor Company (NYSE:F) inched down in Tuesday’s trading session following a downgrade from Buckingham Research. The analysts currently rate the stock as ‘Neutral’ with a price target of $12, compared to the previous ‘Buy’ rating and $16 target. In a note Buckingham Research analysts stated that Ford Motor Company (NYSE:F) is likely to suffer from deteriorating volume and pricing trends for truck sales in North America and that it will also face intense competition in passenger car segment. The number of funds from our hedge fund database long Ford Motor Company (NYSE:F) went down to 31 from 33 during the second quarter, but the total value of their holdings advanced to $685 million from $613 million.

HD Supply Holdings Inc (NASDAQ:HDS) was downgraded by RBC Capital Markets to “Sector Perform” from “Outperform”. Analysts also reduced their price target on the stock to $35 from $43. The company is likely to face supply chain issues in the coming months. Among the funds we track, 47 funds held $1.6 billion worth of HD Supply Holdings’ stock in aggregate at the end of June, having amassed 22.90% of its outstanding stock, compared to 48 investors that held $1.68 billion worth of shares at the end of March.

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