Analysts Cut Estimates for Ford

Two analysts on Monday cut earnings predictions for Ford Motor Co. after completing reviews of the automaker's finances and projected automotive demand heading into 2008. Deutsche Bank's Rod Lache lowered his 2008, 2009 and 2010 estimates for Ford, citing expectations of higher losses from the automaker's financing arm and a continued decline in market share.

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