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Deutsche Bank downgrades Ford after automaker slashes year-end earnings outlook

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A visitor walks past a Ford Escape Titanium at an auto show last April.
Greg Baker | AFP | Getty Images

Despite Ford's strong beat on earnings, Deutsche Bank says the automaker is in for a rough ride the rest of the year.

The firm downgraded Ford to hold from buy and lowered its price target to $11 from $12, after Ford lowered its earnings guidance for the rest of the year.

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