Friday, December 3, 2010

Ford (NYSE:F) "Top Pick" of Deutsche (NYSE:DB) in US

Ford Motor Co. (NYSE:F) is the top pick of Deutsche Bank (NYSE:DB) in the U.S. auto market, according to the financial giant.

Deutsche Bank said, “Recent demand trends, including accelerating U.S. sales and a stabilization of European demand, suggest that our global auto demand/production expectations may prove conservative.

"We believe Ford is discounting an 11.1 (million) or a 140 (basis point) decline in margins (compared to) 2010 levels."

Deutsche remains bullish on the global auto sector in general after data on auto sales was released Wednesday.

Ford closed Thursday at $16.78, gaining $0.32, or 1.94 percent.

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