Bear Stearns auto analyst Peter Nesvold has changed his ratings on both Ford and GM, improving one and downgrading the other.
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According to Reuters, the investment group raised Ford’s status to outperform from underperform, while lowering GM’s to underperform from peer perform yesterday (14 August).
As a result, Ford’s share price rose 3% to US$7.59 in morning trading today while GM shares fell slightly on the New York Stock Exchange, the news agency reported.
