UPDATE 1-RESEARCH ALERT-Credit Suisse cuts auto sector, Ford

Newswire

(Changes source, adds details, share movement) Aug 21 (Reuters) - Credit Suisse on Monday lowered its rating on the automotive sector and Ford Motor Co. after the second-largest U.S. automaker said it would cut fourth-quarter production to its lowest level in 25 years. The brokerage cut the automotive sector to "market weight" from "overweight" and Ford to "underperform" from "neutral", but left its price target on Ford's stock unchanged at $6. In a research note, Credit Suisse said it ...

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