Once a household name, is iconic car maker Ford in dire straits? Jefferies downgrades shares to Underperform from Hold, cuts price target to $9 from $12

Ford's stock prices are suddenly taking a major dive, and that is something that is concerning long-term investors of this stock, who have back the company for years. Ford Motor is currently facing a lot of issues in its internal structure, and now Jefferies has now downgraded shares of the top auto maker to Underperform from Hold.