Morgan Stanley Maintains Ford's Overweight Rating

Morgan Stanley has issued a report reiterating an Overweigh Rating on Ford F despite a down EPS. According to Morgan Stanley, "Investors wary of negative optics should brace for more moves by consensus to adjust estimates from cash taxes to accounting taxes. Investors focused on underlying cash flow performance shouldn't flinch." Ford has a $21 Price Target and closed yesterday at $15.16 a share.