Street View: Ford in choppy waters as auto market challenges persist
** Ford F.N reported a lower third-quarter profit on Monday, hurt by ongoing challenges in the auto market
** Shares of the automaker down 5.98% at $10.69 in premarket trading
BUMPY ROAD AHEAD
** Wells Fargo ("underweight", PT: $9) sees limited short-term growth because higher costs and stable vehicle prices will likely counteract the anticipated increase in sales volume
** RBC ("sector perform", PT: $10) says "we remain cautious over concerns about a deflationary pricing cycle across the industry"; expects more headwinds in Q4
** BofA Global Research ("buy", PT: $19) says with a solid near-term product cadence and dedicated management, the brokerage anticipates higher profits and progress in 2025
** Barclays ("overweight", PT: $13) says "we eventually believe that cost will reverse for Ford – we model a significant improvement in 2025, somewhat offsetting price headwinds"
Reporting by Joel Jose in Bengaluru
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