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GM and Ford Targets Are Cut at Citi. Ford Stock, Though, Has Near-Term Catalysts.

Price targets for Ford Motor and General Motors have been coming down lately, and another analyst just made cuts. That’s not great news for automotive investors, but Ford stock, in particular, might be due for a pop anyway.

Citi analyst Itay Michaeli took his Ford (ticker: F) stock price target to $15 a share from $18. His General Motors (GM) stock price target was lowered to $87 a share from $98. Michaeli rates Ford stock Hold. He is more bullish on GM, rating shares a Buy.

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