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Ford Motor shares were downgraded by an RBC analyst Friday. Weakening Wall Street sentiment actually moves Ford closer to automotive- and electric-vehicle leader Tesla in some interesting ways.
RBC analyst Joseph Spak took his rating to the equivalent of Hold from Buy. His price target, however, went up to $26 a share from $21. Spak praised Ford (ticker: F) in his report for the progress made turning around the company, but with the stock up about 60% in the past three months, he is taking some of his chips off the table….