The analyst now expects the following: A loss of 65 cents per share for 2008, down from a projected loss of 48 cents; a profit of 97 cents per share in 2009, down from a projected profit of $1.15; and a profit of $1.13 per share in 2010, down from a projected profit of $1.42. Lache also cut his price target for Ford to $13 from $14.50, but maintained his "Buy" rating.
"The change in our market share assumptions is a result of adjustments to our outlook for U.S. industry mix," Lache wrote in a note to investors. "We continue to recommend Ford shares based on UAW and non-UAW cost reduction plans and additional opportunities." More at Yahoo.com