Jefferies downgrades Ford to hold, says it's too early for stock to trade like an EV company

thumbnail
Jesse Pound@/in/jesse-pound@jesserpound
WATCH LIVE
A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois.
Scott Olson | Getty Images

Last year's big run-up for Ford's stock may have gotten a bit ahead of itself, according to Jefferies.