Ford Falls SHORT of Goal and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F) stated that it will be slightly lower than its previous Q3 2012 North American production guidance of 690,000 vehicles, with only one month of production remaining in the quarter. The shares traded up $0.10 (1.07%) recently at $9.44.
General Motors Company (NYSE:GM) reports a full-size pickup inventory of 249,411 at August 31, which is a 122 day supply. The shares traded down $0.08 (0.37%) recently at $21.27.
Toyota Motor Corporation (NYSE:TM) RAV4 EV has been called more electrifying with Tesla motor by NY Times. The shares traded down $0.85 (1.07%) recently at $78.77.
Honda Motor Co., Ltd. (NYSE:HMC) reorganizes its car business in India, to focus on compact vehicles, according to the Nikkei, reports Reuters. The company intends to push back the sales of the new version of its Civic sedan and not to manufacture the new version of the Accord sedan in the country. The shares traded down $0.26 (0.82%) recently at $31.63.
Tesla Motors, Inc. (NASDAQ:TSLA) Buy rating has been reiterated on the shares by Needham & Company in a research report that was sent to investors on Tuesday morning. Currently, the firm has a $40.00 price target on the stock. A number of other analysts have also recently commented on the stock. Analysts at Capstone maintained a sell rating on the stock in a research note to investors on Friday, August 24th. Currently, they have a $19.00 price target on the stock. On a separate note, analysts at Bank of America initiated coverage on shares of the company in a research note to investors on Wednesday, August 8th. They place a neutral rating and a $33.00 price target on the stock. Analysts at Jefferies Group keep a rating on shares of Tesla Motors in a research note given to investors on Friday, August 3rd. The shares traded down $0.48 (1.68%) recently at $28.04.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>